BlueMountain Capital Management LLC trimmed its position in shares of Everi Holdings Inc (NYSE:EVRI) by 16.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,104 shares of the credit services provider’s stock after selling 22,050 shares during the period. BlueMountain Capital Management LLC owned about 0.16% of Everi worth $814,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Teton Advisors Inc. bought a new position in shares of Everi during the second quarter valued at about $108,000. BlackRock Inc. raised its stake in shares of Everi by 9.2% during the second quarter. BlackRock Inc. now owns 5,421,765 shares of the credit services provider’s stock valued at $39,035,000 after acquiring an additional 456,712 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Everi by 4.3% during the second quarter. American Century Companies Inc. now owns 279,479 shares of the credit services provider’s stock valued at $2,012,000 after acquiring an additional 11,472 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Everi by 8.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 335,687 shares of the credit services provider’s stock valued at $2,417,000 after acquiring an additional 25,847 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Everi by 45.1% during the second quarter. Russell Investments Group Ltd. now owns 245,427 shares of the credit services provider’s stock valued at $1,765,000 after acquiring an additional 76,300 shares during the last quarter. 88.75% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the stock. ValuEngine downgraded shares of Everi from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Zacks Investment Research raised shares of Everi from a “sell” rating to a “hold” rating and set a $9.00 price objective for the company in a research note on Monday, August 6th. TheStreet raised shares of Everi from a “d+” rating to a “c-” rating in a research note on Monday, August 6th. Stifel Nicolaus initiated coverage on shares of Everi in a research note on Thursday. They issued a “buy” rating and a $13.00 price target for the company. Finally, Jefferies Financial Group increased their price target on shares of Everi from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $11.00.
EVRI stock opened at $9.48 on Friday. Everi Holdings Inc has a 1 year low of $6.08 and a 1 year high of $9.81. The stock has a market capitalization of $573.75 million, a P/E ratio of -30.58, a P/E/G ratio of 5.89 and a beta of 1.32. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of -9.62.
Everi (NYSE:EVRI) last released its quarterly earnings results on Tuesday, August 7th. The credit services provider reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.04). The company had revenue of $118.68 million for the quarter, compared to the consensus estimate of $110.17 million. equities analysts anticipate that Everi Holdings Inc will post 0.07 earnings per share for the current fiscal year.
Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.
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