Two Sigma Investments LP Sells 113,510 Shares of Everi Holdings Inc. (NYSE:EVRI)

Two Sigma Investments LP cut its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 52.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,437 shares of the credit services provider's stock after selling 113,510 shares during the quarter. Two Sigma Investments LP owned approximately 0.12% of Everi worth $1,384,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EVRI. Highbridge Capital Management LLC increased its holdings in Everi by 147.8% in the 4th quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider's stock valued at $18,811,000 after acquiring an additional 830,470 shares during the last quarter. Westchester Capital Management LLC increased its holdings in shares of Everi by 41.1% in the fourth quarter. Westchester Capital Management LLC now owns 1,789,246 shares of the credit services provider's stock worth $24,173,000 after purchasing an additional 521,218 shares during the last quarter. Eisler Capital Management Ltd. bought a new stake in shares of Everi in the fourth quarter worth about $5,912,000. Marshall Wace LLP increased its holdings in shares of Everi by 3,126.6% in the fourth quarter. Marshall Wace LLP now owns 429,133 shares of the credit services provider's stock worth $5,798,000 after purchasing an additional 415,833 shares during the last quarter. Finally, AQR Arbitrage LLC increased its holdings in shares of Everi by 27.5% in the fourth quarter. AQR Arbitrage LLC now owns 1,880,202 shares of the credit services provider's stock worth $25,402,000 after purchasing an additional 405,831 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Everi Trading Down 0.0%

EVRI traded down $0.01 on Friday, hitting $14.17. The company had a trading volume of 266,800 shares, compared to its average volume of 1,293,402. The company has a market cap of $1.23 billion, a PE ratio of 94.44 and a beta of 1.22. Everi Holdings Inc. has a 12-month low of $7.44 and a 12-month high of $14.20. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The business's fifty day simple moving average is $13.90 and its 200 day simple moving average is $13.70.

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

Analyst Ratings Changes

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 given a buy rating to the company's stock. Based on data from MarketBeat.com, Everi presently has a consensus rating of "Hold" and a consensus price target of $12.83.

Insiders Place Their Bets

In related news, CAO Todd A. Valli sold 30,000 shares of the business's 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 completion of the sale, the chief accounting officer now owns 57,413 shares in the company, valued at approximately $789,428.75. The trade was a 34.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Geoffrey P. Judge sold 7,332 shares of the business's 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 owns 84,240 shares of the company's stock, valued at $1,156,615.20. The trade was a 8.01% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

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.