Rhumbline Advisers Buys 4,486 Shares of Everi Holdings Inc. (NYSE:EVRI)

Rhumbline Advisers grew its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 3.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 125,137 shares of the credit services provider’s stock after acquiring an additional 4,486 shares during the period. Rhumbline Advisers owned about 0.15% of Everi worth $1,051,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Everi by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock valued at $74,522,000 after purchasing an additional 236,652 shares in the last quarter. Private Capital Management LLC raised its holdings in shares of Everi by 19.8% in the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after acquiring an additional 461,939 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Everi by 67.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock worth $20,841,000 after acquiring an additional 745,022 shares during the period. Clearbridge Investments LLC grew its holdings in Everi by 2.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,503,071 shares of the credit services provider’s stock worth $15,106,000 after acquiring an additional 31,684 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its position in Everi by 2.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider’s stock valued at $14,320,000 after purchasing an additional 30,780 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Everi Stock Down 0.1 %

EVRI stock opened at $13.14 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $14.03. The stock has a market capitalization of $1.10 billion, a PE ratio of 20.22 and a beta of 2.15. The firm has a 50 day moving average of $12.23 and a 200 day moving average of $9.75.

Everi (NYSE:EVRI) last posted its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Everi had a net margin of 5.42% and a return on equity of 17.86%. The business had revenue of $191.19 million during the quarter, compared to the consensus estimate of $190.00 million. Sell-side analysts forecast that Everi Holdings Inc. will post 0.49 earnings per share for the current year.

Insider Buying and Selling at Everi

In other news, CEO Randy L. Taylor sold 29,222 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $378,424.90. Following the completion of the transaction, the chief executive officer now directly owns 794,822 shares in the company, valued at $10,292,944.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Randy L. Taylor sold 29,222 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $378,424.90. Following the completion of the transaction, the chief executive officer now directly owns 794,822 shares in the company, valued at $10,292,944.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark F. Labay sold 10,645 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $137,852.75. Following the sale, the chief financial officer now directly owns 192,426 shares in the company, valued at $2,491,916.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,417 shares of company stock worth $1,713,281. 6.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. B. Riley lifted their price target on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. Stifel Nicolaus reissued a “hold” rating and issued a $14.25 price target (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Raymond James reiterated a “market perform” rating on shares of Everi in a report on Monday, July 29th. Finally, StockNews.com assumed coverage on Everi in a research report on Monday. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.50.

Everi Company Profile

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.