Spark Investment Management LLC trimmed its holdings in Everi Holdings (NYSE:EVRI) by 19.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 771,600 shares of the credit services provider’s stock after selling 188,000 shares during the period. Spark Investment Management LLC owned 1.12% of Everi worth $5,069,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Stone Ridge Asset Management LLC acquired a new stake in Everi in the 4th quarter valued at about $120,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Everi by 740.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock valued at $127,000 after acquiring an additional 14,800 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Everi in the 4th quarter valued at about $177,000. Capital Fund Management S.A. acquired a new stake in Everi in the 4th quarter valued at about $190,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Everi during the 4th quarter worth about $238,000. 87.58% of the stock is currently owned by hedge funds and other institutional investors.
EVRI has been the topic of several analyst reports. ValuEngine raised shares of Everi from a “hold” rating to a “buy” rating in a research note on Monday, May 7th. Jefferies Group initiated coverage on shares of Everi in a research note on Tuesday, February 20th. They set a “buy” rating and a $11.00 price target on the stock. Telsey Advisory Group initiated coverage on shares of Everi in a research note on Tuesday, March 13th. They set an “outperform” rating and a $10.00 price target on the stock. Finally, Zacks Investment Research cut shares of Everi from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $10.67.
Everi opened at $7.44 on Friday, MarketBeat.com reports. Everi Holdings has a 12-month low of $6.08 and a 12-month high of $8.99. The stock has a market cap of $510.32 million, a price-to-earnings ratio of -24.00 and a beta of 1.15. The company has a debt-to-equity ratio of -9.29, a quick ratio of 0.93 and a current ratio of 1.00.
Everi (NYSE:EVRI) last released its quarterly earnings results on Tuesday, March 13th. The credit services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.11). The business had revenue of $247.86 million for the quarter, compared to the consensus estimate of $231.70 million. equities research analysts expect that Everi Holdings will post 0.04 EPS for the current fiscal year.
Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.
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