Alliancebernstein L.P. acquired a new stake in shares of Everi Holdings Inc. (NYSE:EVRI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,800 shares of the credit services provider’s stock, valued at approximately $108,000.
Other institutional investors also recently added to or reduced their stakes in the company. Crescent Grove Advisors LLC bought a new stake in shares of Everi Holdings during the second quarter valued at approximately $109,000. Bank of America Corp DE grew its holdings in shares of Everi Holdings by 7,800.0% in the first quarter. Bank of America Corp DE now owns 23,463 shares of the credit services provider’s stock valued at $112,000 after purchasing an additional 23,166 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Everi Holdings in the second quarter valued at $121,000. Wayne Hummer Investments L.L.C. purchased a new position in shares of Everi Holdings in the second quarter valued at $124,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Everi Holdings in the first quarter valued at $160,000. Hedge funds and other institutional investors own 85.45% of the company’s stock.
EVRI has been the subject of several recent analyst reports. BidaskClub lowered shares of Everi Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $11.00 price objective on shares of Everi Holdings in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Everi Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $7.33.
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In other Everi Holdings news, Director Geoffrey P. Judge sold 60,000 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $8.10, for a total value of $486,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eileen F. Raney purchased 9,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average price of $8.65 per share, for a total transaction of $77,850.00. Following the purchase, the director now directly owns 59,000 shares of the company’s stock, valued at approximately $510,350. The disclosure for this purchase can be found here. Insiders sold 115,000 shares of company stock valued at $917,300 over the last 90 days. 4.50% of the stock is currently owned by corporate insiders.
Shares of Everi Holdings Inc. (EVRI) opened at $8.70 on Friday. Everi Holdings Inc. has a 52-week low of $2.08 and a 52-week high of $8.99. 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 (NYSE:EVRI) last released its quarterly earnings data on Monday, October 30th. The credit services provider reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.06. The firm had revenue of $247.32 million during the quarter, compared to the consensus estimate of $228.37 million. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.12) earnings per share. sell-side analysts predict that Everi Holdings Inc. will post -0.5 earnings per share for the current fiscal year.
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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