Kornitzer Capital Management Inc. KS Sells 440,257 Shares of Everi Holdings Inc. (NYSE:EVRI)

Kornitzer Capital Management Inc. KS reduced its stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 50.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 425,018 shares of the credit services provider's stock after selling 440,257 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.50% of Everi worth $4,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of Everi by 9.4% during the 2nd quarter. BlackRock Inc. now owns 6,977,955 shares of the credit services provider's stock valued at $100,901,000 after buying an additional 599,505 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Everi by 4.9% in the 1st quarter. Thrivent Financial for Lutherans now owns 6,002,359 shares of the credit services provider's stock worth $102,940,000 after buying an additional 279,348 shares during the period. Vanguard Group Inc. grew its stake in Everi by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,860,007 shares of the credit services provider's stock valued at $77,469,000 after buying an additional 64,529 shares in the last quarter. American Century Companies Inc. raised its holdings in Everi by 36.4% during the 3rd quarter. American Century Companies Inc. now owns 2,896,663 shares of the credit services provider's stock valued at $38,294,000 after acquiring an additional 772,860 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in shares of Everi by 1.6% during the second quarter. Nuveen Asset Management LLC now owns 2,446,730 shares of the credit services provider's stock worth $35,380,000 after acquiring an additional 37,353 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Everi Price Performance

Everi stock traded down $0.01 during mid-day trading on Friday, hitting $8.83. 619,540 shares of the company traded hands, compared to its average volume of 925,370. Everi Holdings Inc. has a one year low of $8.67 and a one year high of $17.85. The stock has a market cap of $739.78 million, a price-to-earnings ratio of 9.81 and a beta of 2.05. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 1.05. The stock has a fifty day moving average price of $9.86 and a 200-day moving average price of $10.62.

Everi (NYSE:EVRI - Get Free Report) last announced its earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.19). Everi had a net margin of 10.40% and a return on equity of 42.93%. The company had revenue of $192.00 million for the quarter, compared to the consensus estimate of $200.99 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The company's revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities analysts predict that Everi Holdings Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. B. Riley assumed coverage on Everi in a report on Friday, April 5th. They set a "neutral" rating and a $12.00 price objective on the stock. Jefferies Financial Group reissued a "hold" rating and issued a $13.00 price target (down from $18.00) on shares of Everi in a report on Friday, March 1st. Truist Financial reaffirmed a "hold" rating and set a $13.00 price objective (down previously from $14.00) on shares of Everi in a research note on Friday, March 1st. Finally, StockNews.com lowered shares of Everi from a "buy" rating to a "hold" rating in a report on Friday, March 1st. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Everi presently has a consensus rating of "Hold" and an average price target of $15.60.

Everi Company 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.