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

Sagefield Capital LP lifted its holdings in Everi Holdings Inc. (NYSE:EVRI) by 77.7% during the fourth 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 buying an additional 63,118 shares during the period. Sagefield Capital LP’s holdings in Everi were worth $1,950,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vestcor Inc bought a new stake in shares of Everi in the 4th quarter worth approximately $28,000. AlphaQuest LLC grew 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 buying an additional 4,671 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Everi during the fourth quarter worth about $143,000. Proficio Capital Partners LLC bought a new stake in Everi during the fourth quarter worth about $151,000. Finally, Trans Canada Capital Inc. bought a new stake in shares of Everi in the 4th quarter valued at about $253,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Everi from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.83.

Insider Activity

In other news, Director Geoffrey P. Judge sold 7,332 shares of the 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 transaction, the director now directly owns 84,240 shares of the company’s stock, valued at approximately $1,156,615.20. This represents 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 accessible through the SEC website. Also, CAO Todd A. Valli sold 30,000 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was 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 in the company, valued at $789,428.75. The trade was a 34.32% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.

Everi Stock Performance

EVRI stock opened at $14.08 on Friday. The stock has a market capitalization of $1.22 billion, a PE ratio of 93.84 and a beta of 1.31. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $14.10. 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 $13.75 and its 200 day simple moving average is $13.62.

Everi (NYSE:EVRI) last announced its earnings results on Monday, May 12th. The credit services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The company had revenue of $181.30 million during the quarter, compared to the consensus estimate of $193.22 million. Everi had a return on equity of 5.47% and a net margin of 1.72%. As a group, research analysts forecast that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Everi Company 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.