Price T Rowe Associates Inc. MD reduced its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 35.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,424 shares of the credit services provider's stock after selling 41,247 shares during the period. Price T Rowe Associates Inc. MD owned about 0.09% of Everi worth $1,019,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. grew its holdings in shares of Everi by 6.6% in the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock worth $550,000 after purchasing an additional 2,564 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Everi in the fourth quarter worth approximately $151,000. Raymond James Financial Inc. bought a new position in shares of Everi in the fourth quarter worth approximately $4,361,000. SG Americas Securities LLC lifted its stake in Everi by 14.8% in the fourth quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider's stock worth $499,000 after acquiring an additional 4,772 shares during the period. Finally, Water Island Capital LLC lifted its stake in Everi by 14.5% in the fourth quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider's stock worth $39,516,000 after acquiring an additional 370,704 shares during the period. 95.47% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Everi
In related news, CAO Todd A. Valli sold 30,000 shares of Everi stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $13.75, for a total value of $412,500.00. Following the completion of the sale, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. This trade represents a 34.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the sale, the director now owns 84,240 shares of the company's stock, valued at $1,156,615.20. The trade was a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.40% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com raised Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.83.
Read Our Latest Report on Everi
Everi Trading Up 0.0%
EVRI stock traded up $0.01 on Friday, reaching $14.08. The company's stock had a trading volume of 284,664 shares, compared to its average volume of 1,181,075. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The firm has a market cap of $1.22 billion, a PE ratio of 93.84 and a beta of 1.31. The business has a fifty day simple moving average of $13.74 and a two-hundred day simple moving average of $13.61. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $14.10.
Everi (NYSE:EVRI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The credit services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $181.30 million for the quarter, compared to analysts' expectations of $193.22 million. Everi had a net margin of 1.72% and a return on equity of 5.47%. As a group, research analysts forecast that Everi Holdings Inc. will post 0.25 EPS for the current year.
Everi Profile
(
Free Report)
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.
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