Seven Six Capital Management LLC Acquires New Holdings in Everi Holdings Inc. (NYSE:EVRI)

Seven Six Capital Management LLC purchased a new position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 245,586 shares of the credit services provider's stock, valued at approximately $3,318,000. Everi comprises 2.9% of Seven Six Capital Management LLC's investment portfolio, making the stock its 17th largest holding. Seven Six Capital Management LLC owned 0.28% of Everi at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EVRI. Sona Asset Management US LLC raised its position in shares of Everi by 73.9% in the 4th quarter. Sona Asset Management US LLC now owns 804,322 shares of the credit services provider's stock worth $10,866,000 after buying an additional 341,693 shares during the period. Polar Asset Management Partners Inc. purchased a new position in Everi in the fourth quarter valued at approximately $4,728,000. ProShare Advisors LLC lifted its position in Everi by 29.0% during the fourth quarter. ProShare Advisors LLC now owns 43,629 shares of the credit services provider's stock valued at $589,000 after buying an additional 9,802 shares in the last quarter. OMERS ADMINISTRATION Corp grew its stake in Everi by 104.7% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 103,800 shares of the credit services provider's stock worth $1,402,000 after buying an additional 53,100 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Everi by 6.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,100 shares of the credit services provider's stock worth $623,000 after acquiring an additional 2,696 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Everi Stock Up 0.0%

EVRI traded up $0.01 during trading hours on Thursday, reaching $14.09. 220,036 shares of the stock traded hands, compared to its average volume of 1,176,948. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $14.10. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 93.91 and a beta of 1.31. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The firm's fifty day simple moving average is $13.78 and its two-hundred day simple moving average is $13.63.

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). Everi had a net margin of 1.72% and a return on equity of 5.47%. The business had revenue of $181.30 million for the quarter, compared to analyst estimates of $193.22 million. As a group, analysts forecast that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.83.

Insiders Place Their Bets

In other news, CAO Todd A. Valli sold 30,000 shares of the business's 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 sale, the chief accounting officer now owns 57,413 shares of the company's stock, valued at approximately $789,428.75. The trade was a 34.32% decrease in their position. 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 Everi stock in a transaction dated Monday, March 10th. The stock was 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. This trade represents 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 owned by company insiders.

Everi 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.