Everi Holdings Inc. (NYSE:EVRI) Shares Purchased by Creative Planning

Creative Planning boosted its holdings in Everi Holdings Inc. (NYSE:EVRI) by 11.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 72,769 shares of the credit services provider’s stock after buying an additional 7,728 shares during the quarter. Creative Planning’s holdings in Everi were worth $956,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 236,652 shares during the period. Private Capital Management LLC boosted its stake in shares of Everi by 19.8% during the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after buying an additional 461,939 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock valued at $23,400,000 after purchasing an additional 1,282,682 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in shares of Everi by 2.2% in 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 last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of Everi by 1,230.8% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock valued at $5,745,000 after purchasing an additional 632,544 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Price Performance

Shares of Everi stock opened at $13.33 on Friday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. The firm’s 50-day simple moving average is $13.17 and its 200-day simple moving average is $10.52. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.40. The firm has a market cap of $1.15 billion, a P/E ratio of 28.35 and a beta of 2.15.

Everi (NYSE:EVRI) last issued its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $191.19 million for the quarter, compared to analyst estimates of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. As a group, research analysts expect that Everi Holdings Inc. will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $14.25 target price (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Raymond James reiterated a “market perform” rating on shares of Everi in a report on Monday, July 29th. Truist Financial dropped their target price on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. B. Riley boosted their price objective on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, StockNews.com started coverage on shares of Everi in a report on Saturday. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi presently has an average rating of “Hold” and an average target price of $13.50.

Insider Buying and Selling at Everi

In other news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the sale, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at $2,494,567.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Lucchese sold 4,124 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $12.99, for a total transaction of $53,570.76. Following the sale, the executive vice president now directly owns 588,404 shares of the company’s stock, valued at approximately $7,643,367.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,417 shares of company stock worth $1,713,281 over the last ninety days. Corporate insiders own 6.40% of the company’s stock.

About Everi

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.