Macquarie Group Ltd. purchased a new stake in Everi Holdings Inc (NYSE:EVRI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 198,139 shares of the credit services provider’s stock, valued at approximately $1,504,000. Macquarie Group Ltd. owned 0.30% of Everi as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. 1st Global Advisors Inc. acquired a new position in shares of Everi during the 2nd quarter worth approximately $101,000. Alliancebernstein L.P. purchased a new stake in Everi in the second quarter valued at approximately $108,000. Crescent Grove Advisors LLC purchased a new stake in Everi in the second quarter valued at approximately $109,000. Legal & General Group Plc purchased a new stake in Everi in the second quarter valued at approximately $121,000. Finally, Wayne Hummer Investments L.L.C. purchased a new stake in Everi in the second quarter valued at approximately $124,000. 84.08% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Juliet Lim sold 133,515 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $8.33, for a total transaction of $1,112,179.95. Following the transaction, the executive vice president now owns 43,370 shares in the company, valued at approximately $361,272.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Rumbolz sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $6.90, for a total value of $103,500.00. Following the transaction, the insider now owns 121,742 shares in the company, valued at approximately $840,019.80. The disclosure for this sale can be found here. Insiders have sold a total of 359,378 shares of company stock worth $2,949,643 in the last quarter. Insiders own 4.50% of the company’s stock.
Everi (NYSE:EVRI) last released its quarterly earnings data on Monday, October 30th. The credit services provider reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.06. Everi had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. The business had revenue of $247.32 million for the quarter, compared to analyst estimates of $228.37 million. During the same quarter in the prior year, the firm posted ($0.12) EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. sell-side analysts expect that Everi Holdings Inc will post -0.5 earnings per share for the current year.
Several equities research analysts have commented on EVRI shares. BidaskClub upgraded Everi from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded Everi from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $11.00 price objective on shares of Everi in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $7.33.
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Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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