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.
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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.
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