Millennium Management LLC Sells 91,061 Shares of Everi Holdings Inc. (NYSE:EVRI)

Millennium Management LLC reduced its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,974,864 shares of the credit services provider's stock after selling 91,061 shares during the quarter. Millennium Management LLC owned approximately 2.29% of Everi worth $26,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Franklin Resources Inc. grew its holdings in Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock valued at $550,000 after buying an additional 2,564 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Everi in the 4th quarter worth approximately $4,361,000. Proficio Capital Partners LLC purchased a new stake in shares of Everi in the fourth quarter worth $151,000. Schonfeld Strategic Advisors LLC grew its position in shares of Everi by 179.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 468,912 shares of the credit services provider's stock worth $6,335,000 after buying an additional 301,354 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Everi by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider's stock worth $499,000 after buying an additional 4,772 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the sale, the director now directly owns 84,240 shares of the company's stock, valued at $1,156,615.20. This represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Todd A. Valli sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $13.75, for a total transaction of $412,500.00. Following the sale, the chief accounting officer now owns 57,413 shares in the company, valued at approximately $789,428.75. The trade was a 34.32% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.40% of the company's stock.

Everi Stock Performance

Shares of NYSE:EVRI traded up $0.04 on Friday, hitting $14.12. The company had a trading volume of 815,100 shares, compared to its average volume of 1,316,125. 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 1-year low of $6.37 and a 1-year high of $14.12. The stock has a 50 day moving average price of $13.80 and a 200 day moving average price of $13.65. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 94.11 and a beta of 1.31.

Everi (NYSE:EVRI - Get Free Report) last released its earnings results on Monday, May 12th. The credit services provider reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). Everi had a return on equity of 5.47% and a net margin of 1.72%. The firm had revenue of $181.30 million for the quarter, compared to analysts' expectations of $193.22 million. Analysts expect that Everi Holdings Inc. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen 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 assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $12.83.

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.