Everi Holdings Inc. (EVRI) Position Raised by Emerald Mutual Fund Advisers Trust
Emerald Mutual Fund Advisers Trust boosted its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 35.2% during the second quarter, Holdings Channel reports. The institutional investor owned 188,667 shares of the company’s stock after buying an additional 49,070 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Everi Holdings were worth $217,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in EVRI. American Financial Group Inc. increased its stake in Everi Holdings by 34.0% in the first quarter. American Financial Group Inc. now owns 100,957 shares of the company’s stock valued at $231,000 after buying an additional 25,620 shares in the last quarter. State Street Corp increased its stake in Everi Holdings by 1.7% in the first quarter. State Street Corp now owns 1,068,211 shares of the company’s stock valued at $2,444,000 after buying an additional 18,190 shares in the last quarter. Geode Capital Management LLC increased its stake in Everi Holdings by 1.3% in the first quarter. Geode Capital Management LLC now owns 405,573 shares of the company’s stock valued at $928,000 after buying an additional 5,218 shares in the last quarter. Renaissance Technologies LLC increased its stake in Everi Holdings by 2.6% in the first quarter. Renaissance Technologies LLC now owns 371,449 shares of the company’s stock valued at $851,000 after buying an additional 9,371 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Everi Holdings by 2.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 47,651 shares of the company’s stock valued at $109,000 after buying an additional 1,126 shares in the last quarter. Hedge funds and other institutional investors own 72.67% of the company’s stock.
Shares of Everi Holdings Inc. (NYSE:EVRI) remained flat at $2.56 on Tuesday. 149,928 shares of the company traded hands. Everi Holdings Inc. has a 1-year low of $1.13 and a 1-year high of $5.35. The stock has a 50 day moving average of $2.30 and a 200 day moving average of $1.86. The stock’s market capitalization is $169.08 million.
Everi Holdings (NYSE:EVRI) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.10) by $0.06. Everi Holdings had a positive return on equity of 12.36% and a negative net margin of 14.01%. The business earned $214 million during the quarter, compared to analysts’ expectations of $206.92 million. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts expect that Everi Holdings Inc. will post ($0.69) earnings per share for the current year.
Separately, Zacks Investment Research raised Everi Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Everi Holdings presently has a consensus rating of “Hold” and an average price target of $4.19.
In other Everi Holdings news, Director Eileen F. Raney acquired 15,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was acquired at an average price of $2.15 per share, for a total transaction of $32,250.00. Following the acquisition, the director now owns 36,000 shares in the company, valued at approximately $77,400. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.10% of the stock is owned by company insiders.
About Everi Holdings
Everi Holdings Inc, formerly Global Cash Access Holdings, Inc, is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc and Everi Payments Inc It provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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