Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 70.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,910 shares of the credit services provider’s stock after selling 45,073 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Everi were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC boosted its stake in shares of Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after buying an additional 1,897 shares during the period. Oxford Financial Group LTD. LLC boosted its stake in shares of Everi by 4.3% in the 1st quarter. Oxford Financial Group LTD. LLC now owns 48,420 shares of the credit services provider’s stock valued at $487,000 after buying an additional 2,000 shares during the period. SummerHaven Investment Management LLC lifted its stake in Everi by 4.6% during the second quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock worth $446,000 after purchasing an additional 2,347 shares during the last quarter. Quarry LP lifted its stake in Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 3,060 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Everi Trading Down 0.2 %

EVRI opened at $13.29 on Monday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 20.45 and a beta of 2.15. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.39. The business’s 50 day moving average is $13.10 and its two-hundred day moving average is $10.28. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94.

Everi (NYSE:EVRI) last released its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $191.19 million for the quarter, compared to analyst estimates of $190.00 million. Everi had a return on equity of 17.86% and a net margin of 5.42%. On average, research analysts predict that Everi Holdings Inc. will post 0.49 EPS for the current year.

Insider Activity

In other news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the transaction, the executive vice president now owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the transaction, the executive vice president now owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Randy L. Taylor sold 29,222 shares of the business’s stock in a transaction that occurred on 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 directly owns 794,822 shares in the company, valued at approximately $10,292,944.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,417 shares of company stock valued at $1,713,281. Company insiders own 6.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Stifel Nicolaus restated a “hold” rating and set a $14.25 target price (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Truist Financial decreased their target price on Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. B. Riley boosted their target price on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Raymond James restated a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Finally, StockNews.com initiated coverage on Everi in a research note on Thursday. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi presently has a consensus rating of “Hold” and an average price target of $13.50.

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.