Man Group plc Sells 68,239 Shares of Everi Holdings Inc. (NYSE:EVRI)

Man Group plc reduced its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,118,526 shares of the credit services provider's stock after selling 68,239 shares during the quarter. Man Group plc owned 2.46% of Everi worth $28,621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Franklin Resources Inc. boosted its position 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 valued at $550,000 after purchasing an additional 2,564 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Everi during the 4th quarter valued at $151,000. Raymond James Financial Inc. purchased a new stake in Everi in the 4th quarter worth about $4,361,000. Schonfeld Strategic Advisors LLC increased its holdings in 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 acquiring an additional 301,354 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Everi by 14.8% in the 4th quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider's stock worth $499,000 after purchasing an additional 4,772 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Everi Stock Performance

Shares of EVRI remained flat at $14.08 during trading hours on Monday. The stock had a trading volume of 949,649 shares, compared to its average volume of 1,330,208. The company has a market capitalization of $1.22 billion, a PE ratio of 93.87 and a beta of 1.31. 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's 50 day simple moving average is $13.75 and its 200 day simple moving average is $13.62. 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 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). The firm 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, analysts expect that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Todd A. Valli sold 30,000 shares of Everi 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 directly owns 57,413 shares in the company, valued at $789,428.75. The trade was a 34.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction that occurred on Monday, March 10th. The shares were 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 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. Insiders own 6.40% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.