Everi Holdings Inc (EVRI) Short Interest Update

Everi Holdings Inc (NYSE:EVRI) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 1,462,519 shares, a decrease of 32.4% from the November 15th total of 2,163,134 shares. Based on an average daily trading volume, of 632,980 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.2% of the company’s shares are sold short.

In related news, Director Eileen F. Raney purchased 9,000 shares of Everi stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $8.65 per share, with a total value of $77,850.00. Following the completion of the transaction, the director now directly owns 59,000 shares of the company’s stock, valued at $510,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juliet Lim sold 133,515 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $8.33, for a total transaction of $1,112,179.95. Following the completion of the sale, the executive vice president now directly owns 43,370 shares of the company’s stock, valued at $361,272.10. The disclosure for this sale can be found here. Insiders have sold 344,378 shares of company stock valued at $2,846,143 over the last ninety days. Insiders own 4.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Gotham Asset Management LLC bought a new position in Everi during the second quarter valued at approximately $265,000. Wedge Capital Management L L P NC bought a new position in Everi during the second quarter valued at approximately $331,000. Wells Fargo & Company MN raised its position in Everi by 434.3% during the second quarter. Wells Fargo & Company MN now owns 55,727 shares of the credit services provider’s stock valued at $406,000 after acquiring an additional 45,297 shares in the last quarter. Eagle Asset Management Inc. raised its position in Everi by 6.8% during the second quarter. Eagle Asset Management Inc. now owns 3,159,785 shares of the credit services provider’s stock valued at $23,003,000 after acquiring an additional 201,951 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Everi by 125.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 380,700 shares of the credit services provider’s stock valued at $2,772,000 after acquiring an additional 212,136 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Everi (NYSE EVRI) opened at $7.63 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -9.13. Everi has a 52-week low of $2.09 and a 52-week high of $8.99.

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

A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Everi from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Stifel Nicolaus reissued a “buy” rating and issued a $11.00 price target on shares of Everi in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $7.33.

WARNING: “Everi Holdings Inc (EVRI) Short Interest Update” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://sportsperspectives.com/2017/12/20/everi-holdings-inc-evri-short-interest-update-2.html.

Everi 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.

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

Latest News

Leave a Reply