23,212 Shares in Everi Holdings Inc. (NYSE:EVRI) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in Everi Holdings Inc. (NYSE:EVRI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,212 shares of the credit services provider’s stock, valued at approximately $317,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC purchased a new stake in Everi in the fourth quarter worth $143,000. Proficio Capital Partners LLC purchased a new stake in Everi in the fourth quarter worth $151,000. GAMMA Investing LLC grew its stake in Everi by 1,267.0% in the first quarter. GAMMA Investing LLC now owns 17,662 shares of the credit services provider’s stock worth $241,000 after purchasing an additional 16,370 shares during the period. Trans Canada Capital Inc. purchased a new stake in Everi in the fourth quarter worth $253,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Everi in the fourth quarter worth $367,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Todd A. Valli sold 30,000 shares of the company’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $13.75, for a total transaction of $412,500.00. Following the transaction, the chief accounting officer directly owned 57,413 shares of the company’s stock, valued at $789,428.75. This represents a 34.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.60% of the stock is currently owned by insiders.

Everi Stock Performance

NYSE EVRI opened at $14.24 on Friday. The stock has a market cap of $1.24 billion, a P/E ratio of 89.01 and a beta of 1.22. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 3.60. Everi Holdings Inc. has a 12 month low of $7.98 and a 12 month high of $14.25. The stock’s fifty day moving average price is $14.18 and its 200-day moving average price is $13.85.

Everi (NYSE:EVRI) last announced its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The business had revenue of $181.30 million for the quarter, compared to the consensus estimate of $193.22 million. Everi had a net margin of 1.92% and a return on equity of 5.66%. As a group, equities analysts forecast that Everi Holdings Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Everi from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd.

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.