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.

Institutional Ownership by Quarter for Everi Holdings (NYSE:EVRI)

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