Everi Holdings Inc. (NYSE:EVRI) Shares Acquired by Sagefield Capital LP

Sagefield Capital LP increased its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 77.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vestcor Inc purchased a new stake in shares of Everi during the fourth quarter worth $28,000. AlphaQuest LLC boosted its position in Everi by 97.8% during the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock worth $128,000 after acquiring an additional 4,671 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Everi during the 4th quarter valued at about $143,000. Proficio Capital Partners LLC acquired a new stake in Everi in the 4th quarter valued at about $151,000. Finally, Trans Canada Capital Inc. acquired a new stake in Everi in the 4th quarter valued at about $253,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Everi Trading Up 0.0%

Everi stock traded up $0.01 during midday trading on Thursday, hitting $14.09. 230,098 shares of the stock were exchanged, compared to its average volume of 1,324,120. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The stock's 50-day simple moving average is $13.78 and its 200 day simple moving average is $13.63. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $14.15. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 93.91 and a beta of 1.31.

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). Everi had a net margin of 1.72% and a return on equity of 5.47%. The firm had revenue of $181.30 million during the quarter, compared to analysts' expectations of $193.22 million. On average, equities analysts anticipate that Everi Holdings Inc. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Everi from a "hold" rating to a "buy" rating in a research report 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $12.83.

Insider Buying and Selling at Everi

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Todd A. Valli sold 30,000 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now owns 57,413 shares of the company's stock, valued at approximately $789,428.75. This represents a 34.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.40% 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.