Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Acadian Asset Management LLC
Acadian Asset Management LLC lowered its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 55.0% during the second quarter, Holdings Channel reports. The firm owned 159,679 shares of the credit services provider’s stock after selling 195,158 shares during the period. Acadian Asset Management LLC’s holdings in Everi Holdings were worth $1,163,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Laurion Capital Management LP purchased a new position in shares of Everi Holdings during the first quarter worth approximately $723,000. California Public Employees Retirement System boosted its position in shares of Everi Holdings by 8.3% in the first quarter. California Public Employees Retirement System now owns 547,800 shares of the credit services provider’s stock worth $2,624,000 after buying an additional 42,200 shares during the period. ClariVest Asset Management LLC purchased a new position in shares of Everi Holdings during the first quarter worth approximately $736,000. Spark Investment Management LLC boosted its position in shares of Everi Holdings by 11.3% in the first quarter. Spark Investment Management LLC now owns 542,300 shares of the credit services provider’s stock worth $2,597,000 after buying an additional 54,900 shares during the period. Finally, EAM Investors LLC purchased a new position in shares of Everi Holdings during the first quarter worth approximately $672,000. Institutional investors own 72.53% of the company’s stock.
Everi Holdings Inc. (NYSE:EVRI) traded down 11.87% during midday trading on Thursday, reaching $7.35. The company’s stock had a trading volume of 757,583 shares. Everi Holdings Inc. has a 1-year low of $1.21 and a 1-year high of $8.99. The company has a 50 day moving average of $7.44 and a 200-day moving average of $5.63. The company’s market capitalization is $490.00 million.
Everi Holdings (NYSE:EVRI) last posted its quarterly earnings results on Tuesday, May 9th. The credit services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.09. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 26.88%. The firm had revenue of $237.50 million during the quarter, compared to the consensus estimate of $235.41 million. During the same quarter in the previous year, the business earned ($0.20) earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities research analysts anticipate that Everi Holdings Inc. will post ($0.46) earnings per share for the current fiscal year.
A number of brokerages recently commented on EVRI. BidaskClub cut Everi Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Stifel Nicolaus raised their target price on Everi Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research raised Everi Holdings from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research report on Wednesday, May 10th. Finally, ValuEngine raised Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $6.94.
In related news, Director Eileen F. Raney bought 14,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was bought at an average price of $6.73 per share, with a total value of $94,220.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at $336,500. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.50% of the stock is owned by corporate insiders.
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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