Everi Holdings Inc (NYSE:EVRI) Shares Sold by Private Capital Management LLC

Private Capital Management LLC lowered its holdings in Everi Holdings Inc (NYSE:EVRI) by 7.1% in the 1st quarter, HoldingsChannel reports. The firm owned 3,573,000 shares of the credit services provider’s stock after selling 271,840 shares during the quarter. Everi comprises approximately 27.9% of Private Capital Management LLC’s holdings, making the stock its 3rd largest holding. Private Capital Management LLC owned 0.05% of Everi worth $37,588,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Menta Capital LLC grew its position in shares of Everi by 10.5% in the 1st quarter. Menta Capital LLC now owns 21,705 shares of the credit services provider’s stock worth $228,000 after buying an additional 2,058 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Everi by 170.0% in the 1st quarter. Meeder Asset Management Inc. now owns 3,545 shares of the credit services provider’s stock worth $37,000 after buying an additional 2,232 shares during the last quarter. Bank of Montreal Can grew its position in shares of Everi by 247.0% in the 1st quarter. Bank of Montreal Can now owns 3,241 shares of the credit services provider’s stock worth $34,000 after buying an additional 2,307 shares during the last quarter. Advisor Group Inc. grew its position in shares of Everi by 86.8% in the 1st quarter. Advisor Group Inc. now owns 5,071 shares of the credit services provider’s stock worth $53,000 after buying an additional 2,357 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Everi by 27.9% in the 4th quarter. Legal & General Group Plc now owns 12,040 shares of the credit services provider’s stock worth $62,000 after buying an additional 2,625 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

A number of brokerages have recently issued reports on EVRI. Zacks Investment Research downgraded shares of Everi from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 14th. ValuEngine raised shares of Everi from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Everi currently has an average rating of “Buy” and a consensus price target of $10.90.

NYSE:EVRI traded down $0.25 during trading hours on Friday, hitting $11.89. 6,093 shares of the company were exchanged, compared to its average volume of 983,946. The company has a market cap of $843.40 million, a PE ratio of 117.60, a P/E/G ratio of 1.93 and a beta of 1.56. Everi Holdings Inc has a 52-week low of $4.76 and a 52-week high of $12.29.

Everi (NYSE:EVRI) last released its earnings results on Tuesday, May 7th. The credit services provider reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The company had revenue of $123.78 million for the quarter, compared to the consensus estimate of $120.92 million. Everi had a net margin of 2.82% and a negative return on equity of 7.83%. Everi’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. As a group, research analysts anticipate that Everi Holdings Inc will post 0.31 earnings per share for the current fiscal year.

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Everi Profile

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 FinTech. 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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Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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