Fox Run Management L.L.C. Purchases New Position in Everi Holdings Inc (EVRI)
Fox Run Management L.L.C. purchased a new position in shares of Everi Holdings Inc (NYSE:EVRI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,000 shares of the credit services provider’s stock, valued at approximately $258,000. Fox Run Management L.L.C. owned 0.05% of Everi Holdings as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. 1st Global Advisors Inc. acquired a new stake in shares of Everi Holdings during the second quarter worth approximately $101,000. Alliancebernstein L.P. acquired a new stake in shares of Everi Holdings during the second quarter worth approximately $108,000. Crescent Grove Advisors LLC acquired a new stake in shares of Everi Holdings during the second quarter worth approximately $109,000. Bank of America Corp DE increased its holdings in shares of Everi Holdings 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 buying an additional 23,166 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Everi Holdings during the second quarter worth approximately $121,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.
In related news, Director Geoffrey P. Judge sold 60,000 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $8.10, for a total value of $486,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael D. Rumbolz sold 15,000 shares of Everi Holdings stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $6.90, for a total transaction of $103,500.00. Following the completion of the sale, the insider now owns 121,742 shares in the company, valued at $840,019.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,000 shares of company stock worth $917,300. Insiders own 4.50% of the company’s stock.
EVRI has been the subject of a number of research reports. BidaskClub lowered shares of Everi Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $11.00 price target on shares of Everi Holdings in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $7.33.
Everi Holdings Inc (NYSE 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 announced its quarterly earnings data on Monday, October 30th. The credit services provider reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. The business had revenue of $247.32 million during the quarter, compared to the consensus estimate of $228.37 million. During the same period in the previous year, the business posted ($0.12) earnings per share. Everi Holdings’s 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.
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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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