SG Americas Securities LLC Buys 19,198 Shares of Everi Holdings Inc. (NYSE:EVRI)

SG Americas Securities LLC lifted its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 52.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,106 shares of the credit services provider's stock after purchasing an additional 19,198 shares during the period. SG Americas Securities LLC owned 0.06% of Everi worth $767,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Everi by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider's stock worth $65,631,000 after purchasing an additional 47,844 shares during the period. Water Island Capital LLC lifted its holdings in shares of Everi by 14.5% during the fourth quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider's stock worth $39,516,000 after purchasing an additional 370,704 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Everi by 11.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,214,219 shares of the credit services provider's stock worth $29,914,000 after purchasing an additional 229,477 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Everi by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,882,584 shares of the credit services provider's stock worth $25,440,000 after purchasing an additional 22,263 shares during the period. Finally, AQR Arbitrage LLC lifted its holdings in Everi by 27.5% in the fourth quarter. AQR Arbitrage LLC now owns 1,880,202 shares of the credit services provider's stock valued at $25,402,000 after buying an additional 405,831 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

Insider Transactions at Everi

In other news, CAO Todd A. Valli sold 30,000 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $13.75, for a total transaction of $412,500.00. Following the completion of the sale, the chief accounting officer now directly owns 57,413 shares of the company's stock, valued at $789,428.75. The trade was a 34.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $12.83.

Everi Price Performance

EVRI remained flat at $14.23 during midday trading on Monday. 436,360 shares of the company's stock traded hands, compared to its average volume of 1,293,905. Everi Holdings Inc. has a 12-month low of $7.86 and a 12-month high of $14.25. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 3.60. The stock has a market cap of $1.24 billion, a P/E ratio of 88.94 and a beta of 1.22. The stock's 50 day simple moving average is $14.05 and its 200 day simple moving average is $13.76.

Everi (NYSE:EVRI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.04 earnings per share 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 the consensus estimate of $193.22 million. Everi had a net margin of 1.92% and a return on equity of 5.66%. Research analysts predict that Everi Holdings Inc. will post 0.25 EPS for the current year.

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.