MQS Management LLC Invests $141,000 in Everi Holdings Inc. (NYSE:EVRI)

MQS Management LLC purchased a new stake in Everi Holdings Inc. (NYSE:EVRI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,736 shares of the credit services provider’s stock, valued at approximately $141,000.

Several other hedge funds have also added to or reduced their stakes in EVRI. Vanguard Group Inc. increased its holdings in shares of Everi by 3.3% in the first quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock valued at $74,522,000 after purchasing an additional 236,652 shares during the last quarter. Private Capital Management LLC grew its stake in Everi by 19.8% in the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after buying an additional 461,939 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Everi by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock valued at $20,841,000 after acquiring an additional 745,022 shares during the period. Clearbridge Investments LLC lifted its position in Everi by 2.2% during the first quarter. Clearbridge Investments LLC now owns 1,503,071 shares of the credit services provider’s stock worth $15,106,000 after acquiring an additional 31,684 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its position in Everi by 2.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider’s stock worth $14,320,000 after acquiring an additional 30,780 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Buying and Selling at Everi

In other news, CEO Randy L. Taylor sold 29,222 shares of Everi stock in a transaction on Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $378,424.90. Following the transaction, the chief executive officer now owns 794,822 shares in the company, valued at approximately $10,292,944.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Randy L. Taylor sold 29,222 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $378,424.90. Following the completion of the transaction, the chief executive officer now owns 794,822 shares of the company’s stock, valued at $10,292,944.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark F. Labay sold 10,645 shares of Everi stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $137,852.75. Following the sale, the chief financial officer now directly owns 192,426 shares in the company, valued at $2,491,916.70. The disclosure for this sale can be found here. Insiders sold a total of 131,417 shares of company stock worth $1,713,281 over the last three months. Corporate insiders own 6.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com began coverage on Everi in a research note on Sunday, September 15th. They set a “hold” rating on the stock. B. Riley lifted their target price on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a report on Monday, August 5th. Truist Financial reduced their target price on shares of Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $14.25 price objective (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Finally, Raymond James reissued a “market perform” rating on shares of Everi in a report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi currently has an average rating of “Hold” and an average target price of $13.50.

Everi Stock Down 0.1 %

Shares of NYSE EVRI opened at $13.14 on Friday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 20.22 and a beta of 2.15. The stock’s fifty day moving average is $12.23 and its 200 day moving average is $9.75. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $14.03. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05.

Everi (NYSE:EVRI) last issued its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Everi had a net margin of 5.42% and a return on equity of 17.86%. The company had revenue of $191.19 million during the quarter, compared to analysts’ expectations of $190.00 million. Sell-side analysts forecast that Everi Holdings Inc. will post 0.49 earnings per share for the current fiscal year.

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.