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

Trans Canada Capital Inc. acquired a new stake in Everi Holdings Inc. (NYSE:EVRI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,700 shares of the credit services provider’s stock, valued at approximately $253,000. Everi accounts for 0.0% of Trans Canada Capital Inc.’s investment portfolio, making the stock its 14th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sand Grove Capital Management LLP purchased a new position in Everi during the third quarter worth approximately $15,806,000. Highbridge Capital Management LLC increased its holdings in shares of Everi by 147.8% during the 4th 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 position in shares of Everi by 428.4% in the 3rd quarter. Centiva Capital LP now owns 425,000 shares of the credit services provider’s stock worth $5,584,000 after buying an additional 344,573 shares during the period. Raymond James Financial Inc. acquired a new position in Everi in the fourth quarter valued at $4,361,000. Finally, ClearAlpha Technologies LP purchased a new stake in Everi during the third quarter valued at about $1,827,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Everi

In other Everi 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 value of $100,668.36. Following the completion of the transaction, the director now owns 84,240 shares in the company, valued at $1,156,615.20. This represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.40% of the stock is currently owned by corporate insiders.

Everi Stock Performance

Shares of EVRI stock opened at $13.68 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The company has a market cap of $1.18 billion, a PE ratio of 91.17 and a beta of 2.05. The company’s fifty day simple moving average is $13.68 and its 200-day simple moving average is $13.48. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.83.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Everi in a report on Wednesday, March 26th. They issued a “buy” rating on the stock. 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.83.

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.