Crescent Grove Advisors LLC Invests $109,000 in Everi Holdings Inc. (EVRI)
Crescent Grove Advisors LLC purchased a new position in shares of Everi Holdings Inc. (NYSE:EVRI) during the second quarter, Holdings Channel reports. The institutional investor purchased 15,000 shares of the credit services provider’s stock, valued at approximately $109,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in Everi Holdings by 125.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 380,700 shares of the credit services provider’s stock worth $2,772,000 after buying an additional 212,136 shares during the period. Spark Investment Management LLC increased its position in shares of Everi Holdings by 100.8% in the second quarter. Spark Investment Management LLC now owns 1,088,800 shares of the credit services provider’s stock valued at $7,926,000 after buying an additional 546,500 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Everi Holdings by 451.1% in the second quarter. Russell Investments Group Ltd. now owns 161,671 shares of the credit services provider’s stock valued at $1,177,000 after buying an additional 132,335 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Everi Holdings by 394.8% in the first quarter. Goldman Sachs Group Inc. now owns 466,515 shares of the credit services provider’s stock valued at $2,235,000 after buying an additional 372,237 shares during the last quarter. Finally, Brookfield Asset Management Inc. acquired a new position in shares of Everi Holdings during the first quarter valued at approximately $4,790,000. 72.53% of the stock is owned by institutional investors and hedge funds.
Shares of Everi Holdings Inc. (EVRI) opened at 7.31 on Friday. The company has a 50-day moving average price of $7.47 and a 200 day moving average price of $5.67. Everi Holdings Inc. has a one year low of $1.21 and a one year high of $8.99. The company’s market capitalization is $488.20 million.
Everi Holdings (NYSE:EVRI) last announced its quarterly earnings results on Tuesday, May 9th. The credit services provider reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. The business had revenue of $237.50 million for the quarter, compared to analysts’ expectations of $235.41 million. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 26.95%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.20) EPS. Equities analysts anticipate that Everi Holdings Inc. will post ($0.40) EPS for the current year.
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Several research analysts have commented on the company. Stifel Nicolaus boosted their target price on Everi Holdings from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Everi Holdings from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub downgraded Everi Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine raised Everi Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.94.
In related news, Director Eileen F. Raney purchased 14,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were acquired at an average cost of $6.73 per share, with a total value of $94,220.00. Following the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $336,500. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.50% of the stock is owned by 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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