Highbridge Capital Management LLC trimmed its holdings in Everi Holdings Inc (NYSE:EVRI) by 34.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,586 shares of the credit services provider’s stock after selling 76,824 shares during the period. Highbridge Capital Management LLC owned about 0.22% of Everi worth $1,120,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. raised its position in shares of Everi by 210.2% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 285,100 shares of the credit services provider’s stock valued at $2,163,000 after purchasing an additional 193,200 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Everi by 67.3% in the 3rd quarter. Wells Fargo & Company MN now owns 93,245 shares of the credit services provider’s stock valued at $708,000 after acquiring an additional 37,518 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Everi by 293.6% in the 3rd quarter. Citadel Advisors LLC now owns 348,564 shares of the credit services provider’s stock valued at $2,646,000 after acquiring an additional 260,015 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Everi in the 3rd quarter valued at approximately $331,000. Finally, Eagle Asset Management Inc. increased its holdings in shares of Everi by 13.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 3,577,074 shares of the credit services provider’s stock valued at $26,792,000 after acquiring an additional 417,289 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors.

In related news, Director Geoffrey P. Judge sold 60,000 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $8.10, for a total transaction of $486,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eileen F. Raney acquired 9,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $8.65 per share, with a total value of $77,850.00. Following the completion of the purchase, the director now owns 59,000 shares in the company, valued at $510,350. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 344,378 shares of company stock valued at $2,846,143. 4.50% of the stock is owned by company insiders.

EVRI has been the subject of a number of research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $11.00 price target on shares of Everi in a report on Wednesday, November 1st. BidaskClub upgraded Everi from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research upgraded Everi from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $7.33.

Shares of Everi Holdings Inc (EVRI) traded up $0.06 on Friday, reaching $7.70. The company had a trading volume of 482,000 shares, compared to its average volume of 775,370. 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 52-week low of $2.09 and a 52-week high of $8.99.

Everi (NYSE:EVRI) last issued 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. The firm had revenue of $247.32 million during the quarter, compared to the consensus estimate of $228.37 million. Everi had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) EPS. equities analysts forecast 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.

Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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