Stock Traders Buy High Volume of Call Options on Everi (EVRI)

Everi Holdings Inc (NYSE:EVRI) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 908 call options on the company. This is an increase of 887% compared to the average daily volume of 92 call options.

NYSE EVRI opened at $9.45 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of -9.62. The firm has a market cap of $666.25 million, a price-to-earnings ratio of -30.48, a PEG ratio of 8.45 and a beta of 1.32. Everi has a 52 week low of $6.08 and a 52 week high of $9.82.

Everi (NYSE:EVRI) last posted its quarterly earnings data on Tuesday, August 7th. The credit services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $118.68 million for the quarter, compared to the consensus estimate of $110.17 million. analysts predict that Everi will post 0.06 EPS for the current fiscal year.

In related news, CAO Todd A. Valli sold 20,000 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $9.34, for a total value of $186,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,708 shares of the company’s stock, valued at $202,752.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Edward Adam Peters sold 66,251 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $9.06, for a total transaction of $600,234.06. Following the completion of the transaction, the executive vice president now directly owns 60,388 shares of the company’s stock, valued at $547,115.28. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Everi by 8.6% during the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 125,400 shares of the credit services provider’s stock worth $824,000 after buying an additional 9,900 shares during the period. American Century Companies Inc. boosted its stake in Everi by 4.3% during the second quarter. American Century Companies Inc. now owns 279,479 shares of the credit services provider’s stock worth $2,012,000 after buying an additional 11,472 shares during the period. MetLife Investment Advisors LLC boosted its stake in Everi by 87.7% during the second quarter. MetLife Investment Advisors LLC now owns 31,818 shares of the credit services provider’s stock worth $229,000 after buying an additional 14,864 shares during the period. Teton Advisors Inc. purchased a new position in Everi during the second quarter worth $108,000. Finally, WINTON GROUP Ltd purchased a new position in Everi during the first quarter worth $108,000. 88.74% of the stock is owned by institutional investors.

EVRI has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Everi from a “strong-buy” rating to a “sell” rating in a report on Wednesday, July 18th. Stifel Nicolaus initiated coverage on shares of Everi in a report on Thursday, September 13th. They issued a “buy” rating and a $13.00 target price for the company. TheStreet raised shares of Everi from a “d+” rating to a “c-” rating in a report on Monday, August 6th. Jefferies Financial Group raised their target price on shares of Everi from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, ValuEngine raised shares of Everi from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $11.00.

About Everi

Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.

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