Private Capital Management LLC Lowers Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Private Capital Management LLC lowered its holdings in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 28.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,699,004 shares of the credit services provider's stock after selling 680,171 shares during the quarter. Everi makes up 2.4% of Private Capital Management LLC's portfolio, making the stock its 15th biggest position. Private Capital Management LLC owned 1.97% of Everi worth $22,954,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Everi by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider's stock worth $65,631,000 after buying an additional 47,844 shares during the last quarter. Water Island Capital LLC grew its position 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 last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Everi by 11.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,214,219 shares of the credit services provider's stock worth $29,914,000 after buying an additional 229,477 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Everi by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,882,584 shares of the credit services provider's stock worth $25,440,000 after buying an additional 22,263 shares during the last quarter. Finally, AQR Arbitrage LLC grew its position 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 last quarter. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Everi from a "hold" rating to a "buy" rating in a research 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. Based on data from MarketBeat, Everi currently has an average rating of "Hold" and an average price target of $12.83.

Insider Transactions at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was 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 trade represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $13.75, for a total value of $412,500.00. Following the sale, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. This trade represents a 34.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.40% of the company's stock.

Everi Stock Performance

NYSE:EVRI traded up $0.01 during trading hours on Friday, hitting $14.08. 1,325,725 shares of the company were exchanged, compared to its average volume of 1,331,735. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 93.84 and a beta of 1.31. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $14.10. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The company's 50 day moving average price is $13.75 and its 200-day moving average price is $13.62.

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

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.