OxFORD Asset Management LLP trimmed its position in shares of Everi Holdings Inc (NYSE:EVRI) by 8.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 547,924 shares of the credit services provider’s stock after selling 48,810 shares during the quarter. OxFORD Asset Management LLP owned 0.81% of Everi worth $4,159,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of Everi by 91.9% in the 2nd quarter. Renaissance Technologies LLC now owns 4,868,878 shares of the credit services provider’s stock valued at $35,445,000 after acquiring an additional 2,331,500 shares in the last quarter. Numeric Investors LLC raised its stake in Everi by 639.8% during the second quarter. Numeric Investors LLC now owns 1,596,050 shares of the credit services provider’s stock valued at $11,619,000 after buying an additional 1,380,322 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Everi by 3,400.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,045,186 shares of the credit services provider’s stock valued at $7,609,000 after acquiring an additional 1,015,330 shares during the last quarter. Castleark Management LLC purchased a new stake in Everi during the second quarter valued at $7,172,000. Finally, State Street Corp grew its holdings in Everi by 1,586.2% during the second quarter. State Street Corp now owns 1,045,754 shares of the credit services provider’s stock valued at $7,608,000 after purchasing an additional 983,736 shares during the period. 84.08% of the stock is owned by institutional investors and hedge funds.
In other news, Director Geoffrey P. Judge sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $7.70, for a total value of $77,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Rumbolz sold 15,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $6.90, for a total transaction of $103,500.00. Following the transaction, the insider now directly owns 121,742 shares of the company’s stock, valued at $840,019.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 359,378 shares of company stock worth $2,949,643. Corporate insiders own 4.50% of the company’s stock.
Shares of Everi Holdings Inc (NYSE EVRI) opened at $7.57 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.91 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 earnings results on Monday, October 30th. The credit services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.06. Everi had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. The company had revenue of $247.32 million during the quarter, compared to analyst estimates of $228.37 million. During the same quarter last year, the business posted ($0.12) EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. sell-side analysts anticipate that Everi Holdings Inc will post -0.5 EPS for the current fiscal year.
Several analysts have issued reports on EVRI shares. Stifel Nicolaus boosted their price target on Everi from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub upgraded Everi from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research downgraded Everi from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $7.33.
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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.
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