Sagefield Capital LP Increases Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Sagefield Capital LP boosted its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 77.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,318 shares of the credit services provider's stock after purchasing an additional 63,118 shares during the quarter. Sagefield Capital LP owned approximately 0.17% of Everi worth $1,950,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Everi news, CAO Todd A. Valli sold 30,000 shares of the company's stock in a transaction on Monday, April 21st. The stock was 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 in the company, valued at $789,428.75. This represents a 34.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by corporate insiders.

Everi Price Performance

Shares of NYSE:EVRI opened at $14.08 on Friday. The business has a 50 day moving average price of $13.75 and a 200 day moving average price of $13.62. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $14.10. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 93.84 and a beta of 1.31. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Everi from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.

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