Strs Ohio Takes $350,000 Position in Everi Holdings Inc. (EVRI)

Strs Ohio purchased a new stake in Everi Holdings Inc. (NYSE:EVRI) during the third quarter, according to its most recent filing with the SEC. The firm purchased 46,200 shares of the credit services provider’s stock, valued at approximately $350,000. Strs Ohio owned 0.07% of Everi Holdings at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Gotham Asset Management LLC bought a new stake in Everi Holdings during the 2nd quarter worth approximately $265,000. Wedge Capital Management L L P NC bought a new stake in Everi Holdings during the 2nd quarter worth approximately $331,000. Renaissance Technologies LLC increased its stake in Everi Holdings by 75.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,537,378 shares of the credit services provider’s stock worth $12,154,000 after purchasing an additional 1,094,078 shares in the last quarter. Eagle Asset Management Inc. increased its stake in Everi Holdings by 6.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 3,159,785 shares of the credit services provider’s stock worth $23,003,000 after purchasing an additional 201,951 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Everi Holdings by 125.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 380,700 shares of the credit services provider’s stock worth $2,772,000 after purchasing an additional 212,136 shares in the last quarter. Institutional investors and hedge funds own 85.17% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Strs Ohio Takes $350,000 Position in Everi Holdings Inc. (EVRI)” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://sportsperspectives.com/2017/11/11/strs-ohio-takes-350000-position-in-everi-holdings-inc-evri.html.

In other news, Director Geoffrey P. Judge sold 60,000 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $8.10, for a total value of $486,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Rumbolz sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $6.90, for a total value of $103,500.00. Following the completion of the sale, the insider now directly owns 121,742 shares of the company’s stock, valued at approximately $840,019.80. The disclosure for this sale can be found here. In the last three months, insiders sold 115,000 shares of company stock valued at $917,300. 4.50% of the stock is currently owned by insiders.

A number of analysts recently issued reports on the company. BidaskClub raised Everi Holdings from a “hold” rating to a “buy” rating in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $11.00 target price on shares of Everi Holdings in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised Everi Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $7.33.

Everi Holdings Inc. (NYSE EVRI) opened at $8.54 on Friday. Everi Holdings Inc. has a 52 week low of $2.08 and a 52 week high of $8.99. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of -9.13.

Everi Holdings (NYSE:EVRI) last issued its quarterly earnings results on Monday, October 30th. The credit services provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.06. The company had revenue of $247.32 million during the quarter, compared to analysts’ expectations of $228.37 million. Everi Holdings had a negative net margin of 25.82% and a negative return on equity of 16,159.62%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned ($0.12) EPS. research analysts expect that Everi Holdings Inc. will post -0.5 earnings per share for the current fiscal year.

Everi Holdings Profile

Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

Want to see what other hedge funds are holding EVRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everi Holdings Inc. (NYSE:EVRI).

Institutional Ownership by Quarter for Everi Holdings (NYSE:EVRI)

Receive News & Ratings for Everi Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everi Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply