Nuveen Asset Management LLC Sells 665,644 Shares of Everi Holdings Inc. (NYSE:EVRI)

Nuveen Asset Management LLC lowered its stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 20.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,573,999 shares of the credit services provider's stock after selling 665,644 shares during the period. Nuveen Asset Management LLC owned about 2.98% of Everi worth $34,775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of Everi by 6.6% during the 3rd 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 in the last quarter. SG Americas Securities LLC raised its position 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 valued at $499,000 after acquiring an additional 4,772 shares in the last quarter. Olympiad Research LP raised its position in Everi by 8.9% during the fourth quarter. Olympiad Research LP now owns 124,263 shares of the credit services provider's stock valued at $1,679,000 after acquiring an additional 10,108 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Everi in the fourth quarter valued at approximately $151,000. Finally, Victory Capital Management Inc. grew its position in Everi by 773.4% in the fourth quarter. Victory Capital Management Inc. now owns 91,039 shares of the credit services provider's stock worth $1,230,000 after acquiring an additional 80,615 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of 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's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $12.83.

Everi Stock Up 0.2%

Shares of NYSE EVRI traded up $0.04 during mid-day trading on Monday, reaching $14.12. 815,100 shares of the company traded hands, compared to its average volume of 1,316,125. The company's fifty day moving average is $13.80 and its two-hundred day moving average is $13.65. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $14.12. The stock has a market cap of $1.23 billion, a PE ratio of 94.11 and a beta of 1.31.

Everi (NYSE:EVRI - Get Free Report) last announced its earnings results on Monday, May 12th. The credit services provider reported $0.04 earnings per share (EPS) 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 company had revenue of $181.30 million for the quarter, compared to the consensus estimate of $193.22 million. On average, analysts expect that Everi Holdings Inc. will post 0.25 earnings per share for the current year.

Insider Buying and Selling

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the sale, the director now owns 84,240 shares of the company's stock, valued at $1,156,615.20. This trade represents a 8.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Todd A. Valli sold 30,000 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were 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 of the company's stock, valued at $789,428.75. This represents a 34.32% 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.

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.