California State Teachers Retirement System bought a new position in shares of Everi Holdings Inc. (NYSE:EVRI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 112,800 shares of the credit services provider’s stock, valued at approximately $821,000. California State Teachers Retirement System owned approximately 0.17% of Everi as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in Everi by 91.9% in the 2nd quarter. Renaissance Technologies LLC now owns 4,868,878 shares of the credit services provider’s stock worth $35,445,000 after acquiring an additional 2,331,500 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Everi by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,965,918 shares of the credit services provider’s stock worth $28,872,000 after acquiring an additional 318,508 shares during the period. Eagle Asset Management Inc. boosted its holdings in Everi by 6.8% in 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 acquiring an additional 201,951 shares during the period. Vanguard Group Inc. boosted its holdings in Everi by 16.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,069,761 shares of the credit services provider’s stock worth $22,348,000 after acquiring an additional 429,551 shares during the period. Finally, Numeric Investors LLC boosted its holdings in Everi by 639.8% in the 2nd quarter. Numeric Investors LLC now owns 1,596,050 shares of the credit services provider’s stock worth $11,619,000 after acquiring an additional 1,380,322 shares during the period. 84.31% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Michael D. Rumbolz sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was 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 in the company, valued at $840,019.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eileen F. Raney acquired 9,000 shares of Everi stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average price of $8.65 per share, for a total transaction of $77,850.00. Following the completion of the purchase, the director now directly owns 59,000 shares of the company’s stock, valued at $510,350. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 359,378 shares of company stock valued at $2,949,643. Company insiders own 4.50% of the company’s stock.

A number of equities analysts have weighed in on the company. BidaskClub upgraded Everi from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Stifel Nicolaus restated a “buy” rating and issued a $11.00 price target on shares of Everi in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Everi from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Everi currently has a consensus rating of “Buy” and a consensus target price of $7.33.

Everi Holdings Inc. (EVRI) opened at $8.50 on Thursday. 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 Holdings Inc. has a one year low of $2.08 and a one year high of $8.99.

Everi (NYSE:EVRI) last released its earnings results on Monday, October 30th. The credit services provider reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ 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 had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) EPS. equities research analysts predict that Everi Holdings Inc. will post -0.5 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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