EAM Investors LLC Increases Stake in Everi Holdings Inc. (EVRI)
EAM Investors LLC raised its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 23.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 341,573 shares of the credit services provider’s stock after purchasing an additional 64,575 shares during the period. EAM Investors LLC owned 0.51% of Everi Holdings worth $2,593,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in EVRI. Macquarie Group Ltd. acquired a new stake in shares of Everi Holdings in the 3rd quarter valued at about $1,504,000. ClariVest Asset Management LLC lifted its position in shares of Everi Holdings by 9.1% during the 3rd quarter. ClariVest Asset Management LLC now owns 712,837 shares of the credit services provider’s stock worth $5,410,000 after buying an additional 59,200 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Everi Holdings by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 215,141 shares of the credit services provider’s stock worth $1,633,000 after purchasing an additional 6,237 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Everi Holdings by 22.4% in the 3rd quarter. New York State Common Retirement Fund now owns 66,200 shares of the credit services provider’s stock worth $502,000 after purchasing an additional 12,100 shares during the period. Finally, Crescent Grove Advisors LLC raised its holdings in shares of Everi Holdings by 1,666.7% in the 3rd quarter. Crescent Grove Advisors LLC now owns 265,000 shares of the credit services provider’s stock worth $2,011,000 after purchasing an additional 250,000 shares during the period. 85.69% of the stock is owned by institutional investors and hedge funds.
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Everi Holdings Inc. (NYSE EVRI) traded up $0.13 during trading on Wednesday, reaching $8.87. 671,800 shares of the company were exchanged, compared to its average volume of 775,029. 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 Inc. has a fifty-two week low of $2.08 and a fifty-two week high of $8.99.
Everi Holdings (NYSE:EVRI) last released its quarterly earnings results on Monday, October 30th. The credit services provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. The firm had revenue of $247.32 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.12) EPS. sell-side analysts forecast that Everi Holdings Inc. will post -0.5 EPS for the current year.
In other Everi Holdings news, Director Eileen F. Raney purchased 9,000 shares of the stock in a transaction on 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 purchase, the director now directly owns 59,000 shares of the company’s stock, valued at approximately $510,350. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juliet Lim sold 133,515 shares of the business’s stock in a transaction 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 a total of 359,378 shares of company stock valued at $2,949,643 over the last 90 days. Company insiders own 4.50% of the company’s stock.
A number of research firms recently commented on EVRI. Stifel Nicolaus lifted their price target on shares of Everi Holdings from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. BidaskClub raised shares of Everi Holdings from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Finally, Zacks Investment Research cut shares of Everi Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Everi Holdings has a consensus rating of “Buy” and a consensus target price of $7.33.
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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