Sound Point Capital Management LP raised its position in Everi Holdings Inc (NYSE:EVRI) by 48.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,746,980 shares of the credit services provider’s stock after purchasing an additional 891,401 shares during the quarter. Everi accounts for approximately 4.2% of Sound Point Capital Management LP’s holdings, making the stock its 3rd largest holding. Sound Point Capital Management LP owned 4.08% of Everi worth $20,712,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in EVRI. Bank of New York Mellon Corp grew its holdings 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 period. New York State Common Retirement Fund boosted its holdings in shares of 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 acquiring an additional 12,100 shares during the period. Alliancebernstein L.P. bought a new stake in shares of Everi during the second quarter worth approximately $108,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Everi by 740.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock worth $127,000 after acquiring an additional 14,800 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Everi during the fourth quarter worth approximately $120,000. Institutional investors own 91.10% of the company’s stock.
A number of research firms have recently weighed in on EVRI. Telsey Advisory Group initiated coverage on shares of Everi in a research report on Tuesday, March 13th. They issued an “outperform” rating and a $10.00 price target for the company. Jefferies Group started coverage on shares of Everi in a research report on Tuesday, February 20th. They set a “buy” rating and a $11.00 price objective for the company. Finally, ValuEngine upgraded shares of Everi from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $10.67.
In other Everi news, Director E Miles Kilburn sold 150,000 shares of the 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 completion of the sale, the director now owns 182,186 shares in the company, valued at approximately $1,457,488. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael D. Rumbolz sold 33,366 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total transaction of $266,928.00. Following the transaction, the insider now directly owns 110,302 shares of the company’s stock, valued at $882,416. The disclosure for this sale can be found here. Insiders sold a total of 192,500 shares of company stock worth $1,540,000 in the last 90 days. 4.50% of the stock is currently owned by company insiders.
EVRI traded down $0.17 during trading on Friday, reaching $6.40. 636,334 shares of the stock traded hands, compared to its average volume of 866,890. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of -8.25. The stock has a market capitalization of $442.60, a P/E ratio of -20.65 and a beta of 1.14. Everi Holdings Inc has a 12 month low of $4.70 and a 12 month high of $8.99.
Everi (NYSE:EVRI) last announced its quarterly earnings data on Tuesday, March 13th. The credit services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The firm had revenue of $247.86 million for the quarter, compared to analysts’ expectations of $231.70 million. research analysts predict that Everi Holdings Inc will post -0.09 EPS for the current fiscal year.
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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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