ClariVest Asset Management LLC lifted its stake in Everi Holdings Inc. (NYSE:EVRI) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 712,837 shares of the credit services provider’s stock after buying an additional 59,200 shares during the period. ClariVest Asset Management LLC owned approximately 1.07% of Everi worth $5,410,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in Everi by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 215,141 shares of the credit services provider’s stock worth $1,633,000 after purchasing an additional 6,237 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Everi by 22.4% during 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 purchasing an additional 12,100 shares during the last quarter. Crescent Grove Advisors LLC increased its holdings in shares of Everi by 1,666.7% during the third quarter. Crescent Grove Advisors LLC now owns 265,000 shares of the credit services provider’s stock worth $2,011,000 after buying an additional 250,000 shares in the last quarter. Smith Asset Management Group LP acquired a new position in shares of Everi during the third quarter worth $2,848,000. Finally, American Century Companies Inc. acquired a new position in shares of Everi during the third quarter worth $832,000. Institutional investors and hedge funds own 84.08% of the company’s stock.
EVRI has been the subject of several research analyst reports. BidaskClub downgraded shares of Everi from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Stifel Nicolaus reiterated a “buy” rating and set a $11.00 price target on shares of Everi in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Everi from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Everi has a consensus rating of “Buy” and a consensus target price of $7.33.
Everi Holdings Inc. (NYSE:EVRI) traded down $0.25 during midday trading on Monday, reaching $7.72. The company had a trading volume of 1,258,103 shares, compared to its average volume of 776,441. Everi Holdings Inc. has a 1-year low of $2.09 and a 1-year high of $8.99. The company has a debt-to-equity ratio of -9.13, a current ratio of 0.98 and a quick ratio of 0.91.
Everi (NYSE:EVRI) last posted its quarterly earnings data on Monday, October 30th. The credit services provider reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate 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. Everi had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. Everi’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) earnings per share. sell-side analysts anticipate that Everi Holdings Inc. will post -0.5 EPS for the current fiscal year.
In other Everi news, 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 completion of the sale, the insider now directly owns 121,742 shares in the company, valued at approximately $840,019.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eileen F. Raney purchased 9,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $8.65 per share, with a total value of $77,850.00. Following the completion of the acquisition, the director now owns 59,000 shares in the company, valued at approximately $510,350. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 359,378 shares of company stock valued at $2,949,643. Company 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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