Millennium Management LLC Cuts Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Millennium Management LLC trimmed its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,974,864 shares of the credit services provider’s stock after selling 91,061 shares during the quarter. Millennium Management LLC owned approximately 2.29% of Everi worth $26,680,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vestcor Inc acquired a new stake in Everi in the 4th quarter valued at $28,000. AlphaQuest LLC grew its stake in Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after acquiring an additional 4,671 shares during the period. EP Wealth Advisors LLC acquired a new stake in Everi in the 4th quarter valued at $143,000. Proficio Capital Partners LLC acquired a new stake in Everi in the 4th quarter valued at $151,000. Finally, Trans Canada Capital Inc. acquired a new stake in Everi in the 4th quarter valued at $253,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Everi Stock Performance

Shares of EVRI opened at $14.08 on Tuesday. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $14.10. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The firm’s fifty day moving average is $13.76 and its two-hundred day moving average is $13.63. The stock has a market cap of $1.22 billion, a PE ratio of 93.87 and a beta of 1.31.

Everi (NYSE:EVRI) last announced its earnings results on Monday, May 12th. The credit services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Everi had a return on equity of 5.47% and a net margin of 1.72%. The business had revenue of $181.30 million for the quarter, compared to analyst estimates of $193.22 million. Research analysts forecast that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Everi from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.83.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 7,332 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the transaction, the director now owns 84,240 shares of the company’s stock, valued at approximately $1,156,615.20. The trade was a 8.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Todd A. Valli sold 30,000 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $13.75, for a total transaction of $412,500.00. Following the transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. The trade was a 34.32% decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by corporate insiders.

Everi Company Profile

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.