Trans Canada Capital Inc. Invests $253,000 in Everi Holdings Inc. (NYSE:EVRI)

Trans Canada Capital Inc. purchased a new stake in Everi Holdings Inc. (NYSE:EVRI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 18,700 shares of the credit services provider’s stock, valued at approximately $253,000. Everi accounts for about 0.0% of Trans Canada Capital Inc.’s investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EVRI. Sand Grove Capital Management LLP acquired a new position in shares of Everi in the 3rd quarter valued at approximately $15,806,000. Highbridge Capital Management LLC increased its stake in shares of Everi by 147.8% in the fourth quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider’s stock worth $18,811,000 after buying an additional 830,470 shares during the last quarter. Centiva Capital LP raised its holdings in Everi by 428.4% in the third quarter. Centiva Capital LP now owns 425,000 shares of the credit services provider’s stock valued at $5,584,000 after acquiring an additional 344,573 shares in the last quarter. Raymond James Financial Inc. bought a new position in Everi during the 4th quarter valued at $4,361,000. Finally, ClearAlpha Technologies LP acquired a new position in Everi during the 3rd quarter worth $1,827,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Everi in a research report on Wednesday, March 26th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.83.

Everi Stock Performance

Shares of EVRI opened at $13.68 on Tuesday. The stock has a market capitalization of $1.18 billion, a PE ratio of 91.17 and a beta of 2.05. The business’s fifty day moving average price is $13.68 and its 200 day moving average price is $13.48. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.83.

Insider Transactions at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of the company’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 transaction of $100,668.36. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.40% of the company’s stock.

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.