State Street Corp Raises Stake in Everi Holdings Inc. (EVRI)
State Street Corp grew its position in Everi Holdings Inc. (NYSE:EVRI) by 1,586.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,045,754 shares of the credit services provider’s stock after purchasing an additional 983,736 shares during the period. State Street Corp owned approximately 1.57% of Everi worth $7,608,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of EVRI. Renaissance Technologies LLC raised its holdings in Everi by 91.9% during the second quarter. Renaissance Technologies LLC now owns 4,868,878 shares of the credit services provider’s stock worth $35,445,000 after acquiring an additional 2,331,500 shares in the last quarter. Numeric Investors LLC raised its holdings in Everi by 639.8% during the second quarter. Numeric Investors LLC now owns 1,596,050 shares of the credit services provider’s stock worth $11,619,000 after acquiring an additional 1,380,322 shares in the last quarter. Morgan Stanley raised its holdings in Everi by 708.2% during the first quarter. Morgan Stanley now owns 713,177 shares of the credit services provider’s stock worth $3,417,000 after acquiring an additional 624,930 shares in the last quarter. Northern Trust Corp raised its holdings in Everi by 256.6% during the second quarter. Northern Trust Corp now owns 824,270 shares of the credit services provider’s stock worth $6,001,000 after acquiring an additional 593,141 shares in the last quarter. Finally, AJO LP bought a new stake in Everi during the second quarter worth about $3,705,000. Institutional investors own 84.31% of the company’s stock.
In other news, insider Michael D. Rumbolz sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $6.90, for a total value of $103,500.00. Following the transaction, the insider now owns 121,742 shares of the company’s stock, valued at $840,019.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juliet Lim sold 133,515 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $8.33, for a total value of $1,112,179.95. Following the completion of the transaction, the executive vice president now directly owns 43,370 shares in the company, valued at approximately $361,272.10. The disclosure for this sale can be found here. Insiders sold 359,378 shares of company stock worth $2,949,643 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.
Everi Holdings Inc. (EVRI) traded down $0.18 during trading hours on Friday, reaching $7.97. The company’s stock had a trading volume of 1,051,146 shares, compared to its average volume of 774,365. The company has a debt-to-equity ratio of -9.13, a quick ratio of 0.91 and a current ratio of 0.98. Everi Holdings Inc. has a 12-month low of $2.09 and a 12-month high of $8.99.
Everi (NYSE:EVRI) last released its quarterly earnings data on Monday, October 30th. The credit services provider reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.06. The firm had revenue of $247.32 million for the quarter, compared to analyst estimates of $228.37 million. Everi had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.12) earnings per share. equities research analysts predict that Everi Holdings Inc. will post -0.5 EPS for the current fiscal year.
EVRI has been the topic of several analyst reports. Stifel Nicolaus upped their target price on Everi from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered Everi from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, BidaskClub upgraded Everi from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $7.33.
Everi 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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