New York State Common Retirement Fund grew its stake in shares of Everi Holdings Inc (NYSE:EVRI) by 9.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 915,253 shares of the credit services provider’s stock after acquiring an additional 76,058 shares during the period. New York State Common Retirement Fund owned about 1.30% of Everi worth $4,714,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in EVRI. LPL Financial LLC bought a new position in shares of Everi during the 4th quarter valued at approximately $60,000. WINTON GROUP Ltd grew its position in shares of Everi by 41.1% during the 4th quarter. WINTON GROUP Ltd now owns 15,093 shares of the credit services provider’s stock valued at $78,000 after acquiring an additional 4,400 shares during the period. Teton Advisors Inc. grew its position in shares of Everi by 61.1% during the 4th quarter. Teton Advisors Inc. now owns 29,000 shares of the credit services provider’s stock valued at $149,000 after acquiring an additional 11,000 shares during the period. Virtu Financial LLC bought a new position in shares of Everi during the 3rd quarter valued at approximately $209,000. Finally, Engine Capital Management LP bought a new position in shares of Everi during the 3rd quarter valued at approximately $220,000. 93.63% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on EVRI shares. SunTrust Banks started coverage on shares of Everi in a research report on Monday, February 11th. They set a “buy” rating and a $9.00 target price for the company. Raymond James started coverage on shares of Everi in a research report on Friday, November 30th. They set a “strong-buy” rating and a $11.00 target price for the company. ValuEngine downgraded shares of Everi from a “buy” rating to a “hold” rating in a research report on Thursday, December 27th. Finally, Zacks Investment Research raised shares of Everi from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Tuesday, January 1st. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $9.35.
Everi (NYSE:EVRI) last released its quarterly earnings data on Tuesday, March 12th. The credit services provider reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The company had revenue of $119.50 million during the quarter, compared to the consensus estimate of $113.37 million. Everi had a net margin of 2.63% and a negative return on equity of 6.14%. On average, analysts predict that Everi Holdings Inc will post 0.2 earnings per share for the current year.
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Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.
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