Everi Holdings Inc. (NYSE:EVRI) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC lifted its stake in Everi Holdings Inc. (NYSE:EVRI) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,471,387 shares of the credit services provider’s stock after acquiring an additional 7,097 shares during the period. Clearbridge Investments LLC owned 1.72% of Everi worth $16,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EVRI. American Century Companies Inc. grew its holdings in shares of Everi by 36.4% in the 3rd quarter. American Century Companies Inc. now owns 2,896,663 shares of the credit services provider’s stock worth $38,294,000 after acquiring an additional 772,860 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Everi by 97.1% during the third quarter. Assenagon Asset Management S.A. now owns 801,124 shares of the credit services provider’s stock worth $10,591,000 after acquiring an additional 394,614 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of Everi during the 3rd quarter valued at about $3,460,000. Heartland Advisors Inc. increased its stake in shares of Everi by 66.7% during the 3rd quarter. Heartland Advisors Inc. now owns 500,000 shares of the credit services provider’s stock worth $6,610,000 after purchasing an additional 200,000 shares during the last quarter. Finally, UBS Group AG increased its position in Everi by 290.1% during the third quarter. UBS Group AG now owns 256,159 shares of the credit services provider’s stock worth $3,386,000 after buying an additional 190,501 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EVRI has been the subject of a number of recent analyst reports. StockNews.com cut shares of Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 price target (down from $18.00) on shares of Everi in a research report on Friday, March 1st. Stifel Nicolaus cut their price target on Everi from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Truist Financial lowered their price objective on shares of Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Finally, B. Riley initiated coverage on shares of Everi in a research note on Friday, April 5th. They set a “neutral” rating and a $12.00 target price for the company. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Everi presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.60.

Everi Stock Performance

Shares of Everi stock remained flat at $6.67 during midday trading on Friday. 3,095,297 shares of the company were exchanged, compared to its average volume of 1,255,599. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 4.18. The company’s fifty day moving average is $8.61 and its two-hundred day moving average is $9.99. Everi Holdings Inc. has a fifty-two week low of $6.61 and a fifty-two week high of $16.08. The firm has a market cap of $560.81 million, a P/E ratio of 10.25 and a beta of 2.09.

Everi (NYSE:EVRI) last announced its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.12). The firm had revenue of $189.30 million for the quarter, compared to the consensus estimate of $188.82 million. Everi had a return on equity of 30.41% and a net margin of 7.59%. During the same period in the prior year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. Sell-side analysts expect that Everi Holdings Inc. will post 0.72 earnings per share for the current year.

Insider Transactions at Everi

In other Everi news, Director Geoffrey P. Judge sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $8.17, for a total value of $245,100.00. Following the completion of the sale, the director now owns 91,572 shares of the company’s stock, valued at $748,143.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Everi news, Director Geoffrey P. Judge sold 30,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $8.17, for a total value of $245,100.00. Following the completion of the sale, the director now directly owns 91,572 shares in the company, valued at $748,143.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren Simmons sold 45,000 shares of Everi stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $8.07, for a total value of $363,150.00. Following the transaction, the executive vice president now owns 152,550 shares in the company, valued at approximately $1,231,078.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,043 shares of company stock worth $1,073,022. 6.40% of the stock is currently owned by company insiders.

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.