Jane Street Group LLC Sells 144,911 Shares of Everi Holdings Inc. (NYSE:EVRI)

Jane Street Group LLC cut its holdings in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 88.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,040 shares of the credit services provider's stock after selling 144,911 shares during the period. Jane Street Group LLC's holdings in Everi were worth $244,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EVRI. Vestcor Inc bought a new position in Everi during the fourth quarter valued at about $28,000. AlphaQuest LLC boosted its holdings in Everi by 97.8% during the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock valued at $128,000 after purchasing an additional 4,671 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Everi during the fourth quarter valued at approximately $151,000. Trans Canada Capital Inc. acquired a new stake in Everi during the fourth quarter valued at approximately $253,000. Finally, Arizona State Retirement System boosted its holdings in Everi by 3.2% during the fourth quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider's stock valued at $337,000 after purchasing an additional 765 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Everi Price Performance

Shares of EVRI traded down $0.01 on Friday, hitting $14.17. The company's stock had a trading volume of 266,800 shares, compared to its average volume of 1,295,193. The company has a market capitalization of $1.23 billion, a PE ratio of 94.44 and a beta of 1.22. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi Holdings Inc. has a fifty-two week low of $7.56 and a fifty-two week high of $14.20. The company has a 50 day moving average price of $13.90 and a 200 day moving average price of $13.70.

Everi (NYSE:EVRI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The credit services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Everi had a return on equity of 5.47% and a net margin of 1.72%. The firm had revenue of $181.30 million for the quarter, compared to analyst estimates of $193.22 million. On average, research analysts anticipate that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the transaction, the director now owns 84,240 shares of the company's stock, valued at $1,156,615.20. This represents a 8.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $13.75, for a total value of $412,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. This trade represents a 34.32% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Everi from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $12.83.

About Everi

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.