Everi Holdings Inc. (NYSE:EVRI) Shares Purchased by Sona Asset Management US LLC

Sona Asset Management US LLC grew its holdings in Everi Holdings Inc. (NYSE:EVRI) by 73.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 804,322 shares of the credit services provider’s stock after acquiring an additional 341,693 shares during the period. Sona Asset Management US LLC owned about 0.93% of Everi worth $10,866,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in Everi by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after buying an additional 2,564 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Everi during the 4th quarter worth $151,000. Raymond James Financial Inc. bought a new stake in shares of Everi in the 4th quarter worth about $4,361,000. SG Americas Securities LLC raised its stake in shares of Everi by 14.8% in the 4th quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider’s stock valued at $499,000 after purchasing an additional 4,772 shares in the last quarter. Finally, Water Island Capital LLC lifted its position in shares of Everi by 14.5% during the fourth quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider’s stock worth $39,516,000 after purchasing an additional 370,704 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Everi from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Everi presently has an average rating of “Hold” and a consensus price target of $12.83.

Insider Activity

In related 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 completion of the sale, the director now owns 84,240 shares of the company’s stock, valued at approximately $1,156,615.20. The trade was a 8.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Todd A. Valli sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $13.75, for a total transaction of $412,500.00. Following the transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. The trade was a 34.32% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.

Everi Stock Performance

EVRI stock opened at $14.08 on Friday. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $14.10. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 93.87 and a beta of 1.31. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The stock’s fifty day moving average is $13.74 and its two-hundred day moving average is $13.61.

Everi (NYSE:EVRI) last issued its quarterly earnings data 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). The firm had revenue of $181.30 million during the quarter, compared to the consensus estimate of $193.22 million. Everi had a net margin of 1.72% and a return on equity of 5.47%. On average, research analysts predict that Everi Holdings Inc. will post 0.25 EPS for the current year.

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.