An issue of Everi Holdings Inc (NYSE:EVRI) debt rose 0.8% against its face value during trading on Wednesday. The high-yield debt issue has a 7.5% coupon and will mature on December 15, 2025. The bonds in the issue are now trading at $102.50 and were trading at $101.78 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.
A number of equities research analysts have issued reports on the company. Jefferies Group assumed coverage on Everi in a research note on Tuesday, February 20th. They issued a “buy” rating and a $11.00 target price on the stock. Telsey Advisory Group assumed coverage on Everi in a research note on Tuesday. They issued an “outperform” rating and a $10.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $9.25.
Shares of Everi Holdings Inc (EVRI) traded up $0.03 on Wednesday, hitting $7.61. The stock had a trading volume of 1,800,000 shares, compared to its average volume of 626,188. The firm has a market capitalization of $512.66, a price-to-earnings ratio of -2.06 and a beta of 1.04. The company has a debt-to-equity ratio of -9.13, a current ratio of 0.98 and a quick ratio of 0.91. Everi Holdings Inc has a 52 week low of $3.18 and a 52 week high of $8.99.
Institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. acquired a new position in shares of Everi during the second quarter valued at $108,000. Stone Ridge Asset Management LLC acquired a new position in shares of Everi during the fourth quarter valued at $120,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Everi by 740.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 14,800 shares during the period. LMR Partners LLP acquired a new position in shares of Everi during the third quarter valued at $162,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Everi during the fourth quarter valued at $177,000. 91.10% of the stock is currently owned by institutional investors.
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Everi Company Profile
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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