Monarch Partners Asset Management LLC bought a new stake in shares of Everi Holdings Inc (NYSE:EVRI) in the fourth quarter, Holdings Channel reports. The fund bought 57,810 shares of the credit services provider’s stock, valued at approximately $436,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Gotham Asset Management LLC acquired a new position in Everi during the second quarter valued at $265,000. California State Teachers Retirement System acquired a new position in Everi during the second quarter valued at $821,000. Schwab Charles Investment Management Inc. lifted its position in Everi by 125.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 380,700 shares of the credit services provider’s stock valued at $2,772,000 after purchasing an additional 212,136 shares during the period. Wells Fargo & Company MN raised its position in shares of Everi by 434.3% in the second quarter. Wells Fargo & Company MN now owns 55,727 shares of the credit services provider’s stock worth $406,000 after acquiring an additional 45,297 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of Everi by 22.4% in the third quarter. New York State Common Retirement Fund now owns 66,200 shares of the credit services provider’s stock worth $502,000 after acquiring an additional 12,100 shares during the period. Institutional investors own 83.91% of the company’s stock.
A number of research analysts have weighed in on EVRI shares. BidaskClub downgraded shares of Everi from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $11.00 price objective on shares of Everi in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Everi currently has a consensus rating of “Buy” and an average price target of $7.33.
Everi Holdings Inc (EVRI) opened at $7.40 on Monday. Everi Holdings Inc has a 1 year low of $2.84 and a 1 year high of $8.99. The company has a debt-to-equity ratio of -9.13, a quick ratio of 0.91 and a current ratio of 0.98.
Everi (NYSE:EVRI) last issued its quarterly earnings data on Monday, October 30th. The credit services provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. The firm had revenue of $247.32 million during the quarter, compared to analyst estimates of $228.37 million. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.12) EPS. analysts forecast that Everi Holdings Inc will post -0.5 EPS for the current fiscal year.
In other news, Director E Miles Kilburn sold 150,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now owns 182,186 shares of the company’s stock, valued at $1,457,488. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eileen F. Raney bought 9,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average cost of $8.65 per share, with a total value of $77,850.00. Following the purchase, the director now directly owns 59,000 shares of the company’s stock, valued at $510,350. The disclosure for this purchase can be found here. In the last quarter, insiders sold 436,878 shares of company stock valued at $3,572,343. Insiders own 4.50% of the company’s stock.
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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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