SG Americas Securities LLC Grows Stock Position in Everi Holdings Inc. (NYSE:EVRI)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vestcor Inc purchased a new stake in Everi during the 4th quarter worth approximately $28,000. AlphaQuest LLC raised its position 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. EP Wealth Advisors LLC purchased a new stake in Everi in the fourth quarter valued at approximately $143,000. Proficio Capital Partners LLC purchased a new stake in Everi in the fourth quarter valued at approximately $151,000. Finally, GAMMA Investing LLC increased its position in shares of Everi by 1,267.0% during the first quarter. GAMMA Investing LLC now owns 17,662 shares of the credit services provider's stock worth $241,000 after acquiring an additional 16,370 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Insider Activity at Everi

In other Everi news, CAO Todd A. Valli sold 30,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $789,428.75. This trade represents a 34.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.60% of the stock is owned by insiders.

Everi Stock Performance

NYSE EVRI opened at $14.23 on Friday. Everi Holdings Inc. has a 1 year low of $7.86 and a 1 year high of $14.24. The company has a market capitalization of $1.24 billion, a PE ratio of 88.91 and a beta of 1.22. The company has a fifty day moving average of $14.03 and a two-hundred day moving average of $13.75. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.08 and a quick ratio of 1.00.

Everi (NYSE:EVRI - Get Free Report) last announced its 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 business had revenue of $181.30 million for the quarter, compared to analyst estimates of $193.22 million. Everi had a return on equity of 5.66% and a net margin of 1.92%. As a group, analysts expect that Everi Holdings Inc. will post 0.25 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Everi Company 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.

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