SG Capital Management LLC increased its stake in Everi Holdings Inc (NYSE:EVRI) by 7.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,146,609 shares of the credit services provider’s stock after buying an additional 79,622 shares during the quarter. Everi comprises about 2.6% of SG Capital Management LLC’s holdings, making the stock its 10th largest position. SG Capital Management LLC’s holdings in Everi were worth $10,514,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in EVRI. Teton Advisors Inc. bought a new stake in Everi in the second quarter worth $108,000. WINTON GROUP Ltd bought a new stake in Everi in the first quarter worth $108,000. MetLife Investment Advisors LLC lifted its stake in Everi by 87.7% in the second quarter. MetLife Investment Advisors LLC now owns 31,818 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 14,864 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Everi by 107.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 34,800 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Everi by 176.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 36,957 shares of the credit services provider’s stock worth $266,000 after purchasing an additional 23,583 shares during the last quarter. Institutional investors own 89.03% of the company’s stock.

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

Everi stock traded up $0.07 during mid-day trading on Friday, hitting $7.99. The company’s stock had a trading volume of 3,557 shares, compared to its average volume of 751,689. 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 company has a market capitalization of $573.75 million, a PE ratio of -25.55, a P/E/G ratio of 10.31 and a beta of 1.33. Everi Holdings Inc has a 12 month low of $6.08 and a 12 month high of $9.82.

Everi (NYSE:EVRI) last issued 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 firm had revenue of $118.68 million for the quarter, compared to analysts’ expectations of $110.17 million. As a group, equities analysts expect that Everi Holdings Inc will post 0.04 earnings per share for the current fiscal year.

In other news, EVP Edward Adam Peters sold 66,251 shares of the company’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Todd A. Valli sold 20,000 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $9.34, for a total transaction of $186,800.00. Following the transaction, the chief accounting officer now directly owns 21,708 shares of the company’s stock, valued at $202,752.72. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.

Everi Profile

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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Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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