Engineers Gate Manager LP Has $452,000 Position in Everi Holdings Inc (EVRI)
Engineers Gate Manager LP cut its position in Everi Holdings Inc (NYSE:EVRI) by 37.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,609 shares of the credit services provider’s stock after selling 35,352 shares during the quarter. Engineers Gate Manager LP owned about 0.09% of Everi worth $452,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in EVRI. 1st Global Advisors Inc. bought a new position in Everi during the second quarter worth $101,000. Alliancebernstein L.P. bought a new position in Everi during the second quarter worth $108,000. Bank of America Corp DE boosted its position in Everi by 7,800.0% during the first quarter. Bank of America Corp DE now owns 23,463 shares of the credit services provider’s stock worth $112,000 after purchasing an additional 23,166 shares during the period. Legal & General Group Plc bought a new position in Everi during the second quarter worth $121,000. Finally, Wayne Hummer Investments L.L.C. bought a new position in Everi during the second quarter worth $124,000. 84.08% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Juliet Lim sold 110,863 shares of Everi stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $8.30, for a total transaction of $920,162.90. Following the completion of the sale, the executive vice president now owns 43,370 shares of the company’s stock, valued at $359,971. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Geoffrey P. Judge sold 60,000 shares of Everi stock in a transaction on Monday, October 9th. The stock was sold at an average price of $8.10, for a total value of $486,000.00. The disclosure for this sale can be found here. Insiders have sold 344,378 shares of company stock valued at $2,846,143 in the last three months. Insiders own 4.50% of the company’s stock.
Everi (NYSE:EVRI) last released its quarterly earnings data on Monday, October 30th. The credit services provider reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.06. Everi had a negative net margin of 25.82% and a negative return on equity of 16,159.62%. The firm had revenue of $247.32 million during the quarter, compared to analysts’ expectations of $228.37 million. During the same period in the previous year, the business posted ($0.12) earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. equities research analysts expect that Everi Holdings Inc will post -0.5 earnings per share for the current fiscal year.
A number of equities analysts have commented on the stock. BidaskClub raised shares of Everi from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $11.00 price objective on shares of Everi in a research report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Everi has an average rating of “Buy” and an average price target of $7.33.
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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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