Millennium Management LLC decreased its stake in Everi Holdings Inc (NYSE:EVRI) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,278,794 shares of the credit services provider’s stock after selling 9,486 shares during the period. Millennium Management LLC owned about 1.84% of Everi worth $9,207,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of EVRI. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of Everi by 8.6% in the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 125,400 shares of the credit services provider’s stock valued at $824,000 after purchasing an additional 9,900 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Everi by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 279,479 shares of the credit services provider’s stock valued at $2,012,000 after purchasing an additional 11,472 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of Everi by 87.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 31,818 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 14,864 shares in the last quarter. Teton Advisors Inc. purchased a new stake in shares of Everi in the 2nd quarter valued at $108,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Everi in the 1st quarter valued at $108,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on EVRI shares. Zacks Investment Research cut shares of Everi from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, July 18th. Stifel Nicolaus started coverage on shares of Everi in a research note on Thursday, September 13th. They issued a “buy” rating and a $13.00 price objective for the company. TheStreet raised shares of Everi from a “d+” rating to a “c-” rating in a research note on Monday, August 6th. Jefferies Financial Group increased their price target on shares of Everi from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Finally, ValuEngine raised shares of Everi from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $11.00.
Shares of EVRI opened at $8.20 on Monday. The firm has a market cap of $637.73 million, a price-to-earnings ratio of -26.45, a PEG ratio of 11.46 and a beta of 1.32. The company has a debt-to-equity ratio of -9.62, a current ratio of 0.99 and a quick ratio of 0.92. Everi Holdings Inc has a twelve month low of $6.08 and a twelve month high of $9.82.
Everi (NYSE:EVRI) last announced its quarterly earnings results on Tuesday, August 7th. The credit services provider reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.04). The business had revenue of $118.68 million for the quarter, compared to analyst estimates of $110.17 million. As a group, equities research analysts forecast that Everi Holdings Inc will post 0.04 EPS for the current fiscal year.
In other Everi news, EVP Edward Adam Peters sold 66,251 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $9.06, for a total transaction of $600,234.06. Following the completion of the sale, the executive vice president now owns 60,388 shares of the company’s stock, valued at approximately $547,115.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Todd A. Valli sold 20,000 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $9.34, for a total transaction of $186,800.00. Following the sale, the chief accounting officer now directly owns 21,708 shares of the company’s stock, valued at approximately $202,752.72. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.
Everi Company Profile
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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