Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 27.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,093 shares of the credit services provider's stock after selling 66,366 shares during the quarter. Bank of America Corp DE owned 0.20% of Everi worth $2,311,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EVRI. Highbridge Capital Management LLC lifted its holdings in shares of Everi by 147.8% in the 4th quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider's stock worth $18,811,000 after buying an additional 830,470 shares during the period. Westchester Capital Management LLC lifted its holdings in shares of Everi by 41.1% in the 4th quarter. Westchester Capital Management LLC now owns 1,789,246 shares of the credit services provider's stock worth $24,173,000 after buying an additional 521,218 shares during the period. Marshall Wace LLP lifted its holdings in shares of Everi by 3,126.6% in the 4th quarter. Marshall Wace LLP now owns 429,133 shares of the credit services provider's stock worth $5,798,000 after buying an additional 415,833 shares during the period. AQR Arbitrage LLC lifted its holdings in shares of Everi by 27.5% in the 4th quarter. AQR Arbitrage LLC now owns 1,880,202 shares of the credit services provider's stock worth $25,402,000 after buying an additional 405,831 shares during the period. Finally, Water Island Capital LLC lifted its holdings in shares of Everi by 14.5% in the 4th quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider's stock worth $39,516,000 after buying an additional 370,704 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Everi Stock Down 0.0%

Shares of EVRI traded down $0.01 during trading hours on Friday, hitting $14.17. The company had a trading volume of 266,800 shares, compared to its average volume of 1,293,402. The company has a market capitalization of $1.23 billion, a PE ratio of 94.44 and a beta of 1.31. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a one year low of $7.44 and a one year high of $14.20. The company's fifty day moving average price is $13.90 and its two-hundred day moving average price is $13.70.

Everi (NYSE:EVRI - Get Free Report) last released its quarterly earnings results 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 company had revenue of $181.30 million during the quarter, compared to the consensus estimate of $193.22 million. Everi had a return on equity of 5.47% and a net margin of 1.72%. As a group, equities analysts forecast that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Everi from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.83.

Insider Transactions at Everi

In related news, CAO Todd A. Valli sold 30,000 shares of the company's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $13.75, for a total transaction of $412,500.00. Following the transaction, the chief accounting officer now directly owns 57,413 shares of the company's stock, valued at $789,428.75. This represents a 34.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Geoffrey P. Judge sold 7,332 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the transaction, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. This represents a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company's stock.

Everi 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.