SG Americas Securities LLC Makes New Investment in Everi Holdings Inc. (NYSE:EVRI)

SG Americas Securities LLC acquired a new position in shares of Everi Holdings Inc. (NYSE:EVRI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,136 shares of the credit services provider’s stock, valued at approximately $422,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC increased its stake in shares of Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares in the last quarter. CWM LLC increased its stake in shares of Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after buying an additional 1,897 shares in the last quarter. Quarry LP increased its stake in shares of Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after buying an additional 2,864 shares in the last quarter. Magnetar Financial LLC bought a new position in Everi in the second quarter valued at about $104,000. Finally, Meeder Asset Management Inc. bought a new position in Everi in the second quarter valued at about $118,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of Everi stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $155,736.70. Following the transaction, the executive vice president now owns 68,477 shares in the company, valued at $886,777.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of Everi stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $155,736.70. Following the transaction, the executive vice president now owns 68,477 shares in the company, valued at $886,777.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Lucchese sold 4,124 shares of Everi stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total value of $53,570.76. Following the transaction, the executive vice president now owns 588,404 shares in the company, valued at $7,643,367.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,417 shares of company stock worth $1,713,281 in the last 90 days. Corporate insiders own 6.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EVRI shares. B. Riley raised their price target on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. Raymond James reiterated a “market perform” rating on shares of Everi in a report on Monday, July 29th. Truist Financial decreased their price target on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. StockNews.com started coverage on Everi in a report on Thursday. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $14.25 price target (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Everi currently has a consensus rating of “Hold” and a consensus target price of $13.50.

Everi Price Performance

Shares of EVRI opened at $13.32 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 3.94. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $13.33. The stock has a market cap of $1.12 billion, a P/E ratio of 20.48 and a beta of 2.15. The stock’s 50-day moving average price is $13.08 and its two-hundred day moving average price is $10.23.

Everi (NYSE:EVRI) last issued its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The firm had revenue of $191.19 million for the quarter, compared to analysts’ expectations of $190.00 million. On average, equities analysts predict that Everi Holdings Inc. will post 0.49 earnings per share for the current year.

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.