Macquarie Group Ltd. decreased its position in Everi Holdings Inc (NYSE:EVRI) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,239 shares of the credit services provider’s stock after selling 24,900 shares during the quarter. Macquarie Group Ltd. owned approximately 0.26% of Everi worth $1,306,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Stone Ridge Asset Management LLC purchased a new position in shares of Everi in the fourth quarter valued at about $120,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Everi by 740.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock valued at $127,000 after acquiring an additional 14,800 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of Everi during the fourth quarter valued at about $177,000. Capital Fund Management S.A. purchased a new position in shares of Everi during the fourth quarter valued at about $190,000. Finally, PEAK6 Investments L.P. purchased a new position in shares of Everi during the fourth quarter valued at about $345,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.
EVRI has been the topic of several research analyst reports. Telsey Advisory Group initiated coverage on shares of Everi in a research report on Tuesday, March 13th. They set an “outperform” rating and a $10.00 price target on the stock. Jefferies Group initiated coverage on shares of Everi in a research report on Tuesday, February 20th. They set a “buy” rating and a $11.00 price target on the stock. Finally, ValuEngine upgraded shares of Everi from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $10.67.
Shares of NYSE EVRI opened at $6.40 on Friday. Everi Holdings Inc has a 1 year low of $4.70 and a 1 year high of $8.99. The company has a debt-to-equity ratio of -8.25, a quick ratio of 0.92 and a current ratio of 0.97. The stock has a market cap of $439.91, a P/E ratio of -20.65 and a beta of 1.14.
Everi (NYSE:EVRI) last announced its quarterly earnings results on Tuesday, March 13th. The credit services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The company had revenue of $247.86 million for the quarter, compared to the consensus estimate of $231.70 million. equities analysts predict that Everi Holdings Inc will post -0.09 EPS for the current fiscal year.
In other Everi news, Director E Miles Kilburn sold 150,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total value of $1,200,000.00. Following the sale, the director now owns 182,186 shares in the company, valued at $1,457,488. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael D. Rumbolz sold 9,134 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $8.00, for a total transaction of $73,072.00. Following the completion of the sale, the insider now owns 113,977 shares in the company, valued at approximately $911,816. The disclosure for this sale can be found here. Insiders have sold 192,500 shares of company stock worth $1,540,000 in the last quarter. 4.50% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This news story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/04/07/macquarie-group-ltd-has-1-31-million-holdings-in-everi-holdings-inc-evri.html.
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.
Want to see what other hedge funds are holding EVRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everi Holdings Inc (NYSE:EVRI).
Receive News & Ratings for Everi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everi and related companies with MarketBeat.com's FREE daily email newsletter.