Northern Trust Corp Increases Holdings in Everi Holdings Inc. (NYSE:EVRI)

Northern Trust Corp raised its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 804,250 shares of the credit services provider's stock after buying an additional 31,173 shares during the period. Northern Trust Corp owned about 0.93% of Everi worth $10,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EVRI. Vestcor Inc purchased a new position in shares of Everi during the fourth quarter worth $28,000. AlphaQuest LLC boosted its holdings in Everi by 97.8% in 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 during the period. Proficio Capital Partners LLC purchased a new position in Everi in the fourth quarter valued at $151,000. Trans Canada Capital Inc. purchased a new position in Everi in the fourth quarter valued at $253,000. Finally, Arizona State Retirement System boosted its holdings in Everi by 3.2% in 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 during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Everi

In other Everi news, CAO Todd A. Valli sold 30,000 shares of Everi stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $13.75, for a total value of $412,500.00. Following the sale, the chief accounting officer now owns 57,413 shares of the company's stock, valued at approximately $789,428.75. The trade was a 34.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the sale, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. This represents a 8.01% decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Everi Stock Performance

Shares of EVRI traded up $0.04 during midday trading on Friday, reaching $14.12. 815,100 shares of the stock were exchanged, compared to its average volume of 1,323,242. The business's 50-day moving average price is $13.80 and its 200 day moving average price is $13.65. 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 twelve month low of $6.37 and a twelve month high of $14.12. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 94.11 and a beta of 1.31.

Everi (NYSE:EVRI - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $181.30 million during the quarter, compared to analyst estimates of $193.22 million. Everi had a net margin of 1.72% and a return on equity of 5.47%. On average, sell-side analysts expect that Everi Holdings Inc. will post 0.25 EPS for the current fiscal year.

Everi Profile

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.