Trans Canada Capital Inc. Buys New Position in Everi Holdings Inc. (NYSE:EVRI)

Trans Canada Capital Inc. bought a new stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 18,700 shares of the credit services provider's stock, valued at approximately $253,000. Everi accounts for approximately 0.0% of Trans Canada Capital Inc.'s investment portfolio, making the stock its 14th largest holding.

Several other hedge funds also recently modified their holdings of the business. Vestcor Inc acquired a new position in Everi in the fourth quarter valued at approximately $28,000. AlphaQuest LLC lifted its stake 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 valued at $128,000 after purchasing an additional 4,671 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Everi in the 4th quarter worth $151,000. FNY Investment Advisers LLC acquired a new stake in shares of Everi during the fourth quarter worth $175,000. Finally, Stifel Financial Corp increased its holdings in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after purchasing an additional 1,423 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Everi from a "hold" rating to a "buy" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Everi presently has a consensus rating of "Hold" and an average target price of $12.83.

Everi Trading Down 1.2 %

Shares of EVRI traded down $0.17 during trading hours on Friday, reaching $13.49. The stock had a trading volume of 6,697,312 shares, compared to its average volume of 1,231,903. The firm has a 50-day moving average of $13.68 and a 200 day moving average of $13.49. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The company has a market cap of $1.17 billion, a P/E ratio of 89.91 and a beta of 1.57. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.83.

Insiders Place Their Bets

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 shares were 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.