Northern Trust Corp lifted its stake in Everi Holdings Inc. (NYSE:EVRI) by 256.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 824,270 shares of the credit services provider’s stock after purchasing an additional 593,141 shares during the period. Northern Trust Corp owned 1.25% of Everi Holdings worth $6,001,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Citigroup Inc. acquired a new stake in shares of Everi Holdings in the second quarter valued at approximately $274,000. GSA Capital Partners LLP boosted its stake in Everi Holdings by 111.0% in the second quarter. GSA Capital Partners LLP now owns 502,093 shares of the credit services provider’s stock valued at $3,655,000 after acquiring an additional 264,133 shares during the last quarter. New York State Common Retirement Fund bought a new position in Everi Holdings in the second quarter valued at approximately $394,000. Ameriprise Financial Inc. bought a new position in Everi Holdings in the second quarter valued at approximately $816,000. Finally, TIAA CREF Investment Management LLC bought a new position in Everi Holdings in the second quarter valued at approximately $1,249,000. 85.45% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on EVRI. BidaskClub raised shares of Everi Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Everi Holdings in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Everi Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Everi Holdings currently has a consensus rating of “Buy” and an average target price of $7.33.
Everi Holdings Inc. (NYSE EVRI) opened at $8.70 on Wednesday. Everi Holdings Inc. has a 52 week low of $2.08 and a 52 week high of $8.99. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -9.13.
Everi Holdings (NYSE:EVRI) last announced its quarterly earnings results on Monday, October 30th. The credit services provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. The company had revenue of $247.32 million for 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% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) earnings per share. equities analysts forecast that Everi Holdings Inc. will post -0.5 EPS for the current year.
In other news, insider Michael D. Rumbolz sold 15,000 shares of Everi Holdings stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $6.90, for a total transaction of $103,500.00. Following the transaction, the insider now directly owns 121,742 shares of the company’s stock, valued at $840,019.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 60,000 shares of Everi Holdings stock in a transaction on Monday, October 9th. The stock was sold at an average price of $8.10, for a total transaction of $486,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,000 shares of company stock worth $917,300. Insiders own 4.50% of the company’s stock.
Everi Holdings Company 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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