Northern Trust Corp Acquires 31,173 Shares of Everi Holdings Inc. (NYSE:EVRI)

Northern Trust Corp grew its stake in Everi Holdings Inc. (NYSE:EVRI) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 804,250 shares of the credit services provider’s stock after purchasing an additional 31,173 shares during the period. Northern Trust Corp owned approximately 0.93% of Everi worth $10,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of EVRI. Vestcor Inc bought a new stake in Everi during the fourth quarter worth about $28,000. AlphaQuest LLC boosted its holdings in shares of Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock worth $128,000 after acquiring an additional 4,671 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Everi during the 4th quarter worth approximately $151,000. Trans Canada Capital Inc. acquired a new stake in Everi during the 4th quarter valued at $253,000. Finally, Arizona State Retirement System increased its holdings in Everi by 3.2% during the 4th quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock valued at $337,000 after purchasing an additional 765 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Everi

In other Everi 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 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 transaction was disclosed in a filing with the SEC, which can be accessed 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 shares were 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 directly owns 57,413 shares of the company’s stock, valued at approximately $789,428.75. This trade represents a 34.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.40% of the company’s stock.

Everi Price Performance

EVRI opened at $14.08 on Friday. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The stock has a market capitalization of $1.22 billion, a P/E ratio of 93.84 and a beta of 1.31. The company’s 50 day simple moving average is $13.75 and its 200-day simple moving average is $13.62. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $14.10.

Everi (NYSE:EVRI) last announced its quarterly earnings data 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 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%. Sell-side analysts anticipate that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Everi from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Everi currently has a consensus rating of “Hold” and a consensus target price of $12.83.

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.