Everi Holdings Inc. (NYSE:EVRI) Position Boosted by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp grew its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 104.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,800 shares of the credit services provider's stock after purchasing an additional 53,100 shares during the period. OMERS ADMINISTRATION Corp owned approximately 0.12% of Everi worth $1,402,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Everi by 6.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,100 shares of the credit services provider's stock valued at $623,000 after buying an additional 2,696 shares in the last quarter. Moore Capital Management LP lifted its stake in shares of Everi by 13.9% in the 4th quarter. Moore Capital Management LP now owns 159,401 shares of the credit services provider's stock worth $2,154,000 after acquiring an additional 19,401 shares during the period. Hudson Bay Capital Management LP boosted its holdings in shares of Everi by 197.1% in the fourth quarter. Hudson Bay Capital Management LP now owns 374,464 shares of the credit services provider's stock valued at $5,059,000 after acquiring an additional 248,414 shares in the last quarter. Graham Capital Management L.P. bought a new position in shares of Everi in the fourth quarter valued at approximately $1,477,000. Finally, Fort Baker Capital Management LP acquired a new position in shares of Everi during the fourth quarter valued at approximately $4,325,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Todd A. Valli sold 30,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $13.75, for a total transaction of $412,500.00. Following the sale, the chief accounting officer now owns 57,413 shares in the company, 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 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 stock was sold at an average price of $13.73, for a total transaction of $100,668.36. Following the transaction, the director now owns 84,240 shares in the company, valued at approximately $1,156,615.20. The trade was a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.40% of the company's stock.

Everi Price Performance

Everi stock traded up $0.01 during midday trading on Thursday, hitting $14.09. The company's stock had a trading volume of 150,490 shares, compared to its average volume of 1,323,816. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $14.15. 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 company has a market capitalization of $1.22 billion, a PE ratio of 93.91 and a beta of 1.31. The stock's 50-day moving average price is $13.78 and its 200-day moving average price is $13.63.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Everi from a "hold" rating to a "buy" rating in a research note 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. Based on data from MarketBeat, the company currently has a consensus 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.