Russell Investments Group Ltd. cut its stake in Everi Holdings Inc. (NYSE:EVRI) by 2.2% during the first quarter, Holdings Channel reports. The fund owned 29,336 shares of the credit services provider’s stock after selling 664 shares during the period. Russell Investments Group Ltd.’s holdings in Everi Holdings were worth $141,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Everi Holdings by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,265,234 shares of the credit services provider’s stock valued at $7,086,000 after buying an additional 281,429 shares during the last quarter. Renaissance Technologies LLC raised its stake in Everi Holdings by 25.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,443,300 shares of the credit services provider’s stock valued at $3,132,000 after buying an additional 297,100 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Everi Holdings during the fourth quarter valued at about $130,000. Finally, Acadian Asset Management LLC raised its stake in Everi Holdings by 317.2% in the first quarter. Acadian Asset Management LLC now owns 354,837 shares of the credit services provider’s stock valued at $1,700,000 after buying an additional 269,791 shares during the last quarter. Hedge funds and other institutional investors own 71.91% of the company’s stock.

Shares of Everi Holdings Inc. (EVRI) opened at 7.52 on Monday. The company’s market cap is $497.05 million. The stock has a 50 day moving average of $6.92 and a 200 day moving average of $4.61. Everi Holdings Inc. has a 1-year low of $1.21 and a 1-year high of $7.79.

Everi Holdings (NYSE:EVRI) last issued its quarterly earnings results on Tuesday, May 9th. The credit services provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 26.88%. The firm had revenue of $237.50 million during the quarter, compared to the consensus estimate of $235.41 million. During the same period last year, the company earned ($0.20) earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. On average, equities analysts forecast that Everi Holdings Inc. will post ($0.30) EPS for the current year.

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EVRI has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Everi Holdings from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Stifel Nicolaus upped their target price on shares of Everi Holdings from $6.50 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Finally, ValuEngine upgraded shares of Everi Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Everi Holdings presently has a consensus rating of “Buy” and a consensus price target of $6.69.

In related news, Director Eileen F. Raney purchased 14,000 shares of Everi Holdings stock in a transaction dated Tuesday, May 16th. The stock was purchased at an average cost of $6.73 per share, for a total transaction of $94,220.00. Following the completion of the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at $336,500. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 4.50% of the stock is owned by company insiders.

Everi Holdings Company Profile

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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Institutional Ownership by Quarter for Everi Holdings (NYSE:EVRI)

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