Everi Holdings Inc. (EVRI) Position Reduced by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. lowered its position in Everi Holdings Inc. (NYSE:EVRI) by 63.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,872 shares of the credit services provider’s stock after selling 295,643 shares during the period. Goldman Sachs Group Inc. owned about 0.26% of Everi Holdings worth $1,244,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Wedge Capital Management L L P NC acquired a new stake in Everi Holdings in the second quarter valued at about $331,000. Renaissance Technologies LLC lifted its position in Everi Holdings by 75.8% in the first quarter. Renaissance Technologies LLC now owns 2,537,378 shares of the credit services provider’s stock valued at $12,154,000 after purchasing an additional 1,094,078 shares during the period. Eagle Asset Management Inc. lifted its position in Everi Holdings by 6.8% in the second quarter. Eagle Asset Management Inc. now owns 3,159,785 shares of the credit services provider’s stock valued at $23,003,000 after purchasing an additional 201,951 shares during the period. Parametric Portfolio Associates LLC acquired a new stake in Everi Holdings in the first quarter valued at about $200,000. Finally, Vanguard Group Inc. lifted its position in Everi Holdings by 6.7% in the first quarter. Vanguard Group Inc. now owns 2,640,210 shares of the credit services provider’s stock valued at $12,647,000 after purchasing an additional 166,661 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.
In other Everi Holdings news, insider Michael D. Rumbolz sold 15,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $6.90, for a total value of $103,500.00. Following the completion of the transaction, the insider now directly owns 121,742 shares of the company’s stock, valued at $840,019.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Geoffrey P. Judge sold 30,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $8.36, for a total transaction of $250,800.00. Following the completion of the transaction, the director now directly owns 69,672 shares of the company’s stock, valued at $582,457.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,000 shares of company stock valued at $917,300. 4.50% of the stock is currently owned by corporate insiders.
Shares of Everi Holdings Inc. (EVRI) opened at $8.38 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of -9.13.
Everi Holdings (NYSE:EVRI) last issued its earnings results on Monday, October 30th. The credit services provider reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.06. Everi Holdings had a negative net margin of 25.82% and a negative return on equity of 16,159.62%. The company had revenue of $247.32 million during the quarter, compared to analysts’ expectations of $228.37 million. During the same period last year, the company posted ($0.12) earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. research analysts forecast that Everi Holdings Inc. will post -0.5 earnings per share for the current fiscal year.
A number of brokerages recently commented on EVRI. BidaskClub upgraded shares of Everi Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating and issued a $11.00 price objective on shares of Everi Holdings in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Everi Holdings has a consensus rating of “Buy” and a consensus price target of $7.33.
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Everi Holdings 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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