Emerald Advisers Inc. PA increased its stake in Everi Holdings Inc. (NYSE:EVRI) by 27.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 410,982 shares of the company’s stock after buying an additional 88,039 shares during the period. Emerald Advisers Inc. PA’s holdings in Everi Holdings were worth $473,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in EVRI. Metropolitan Life Insurance Co. NY raised its position in Everi Holdings by 2.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 47,651 shares of the company’s stock valued at $109,000 after buying an additional 1,126 shares during the last quarter. Geode Capital Management LLC raised its position in Everi Holdings by 1.3% in the first quarter. Geode Capital Management LLC now owns 405,573 shares of the company’s stock valued at $928,000 after buying an additional 5,218 shares during the last quarter. 1st Global Advisors Inc. raised its position in Everi Holdings by 7.1% in the second quarter. 1st Global Advisors Inc. now owns 94,498 shares of the company’s stock valued at $109,000 after buying an additional 6,240 shares during the last quarter. Renaissance Technologies LLC raised its position in Everi Holdings by 2.6% in the first quarter. Renaissance Technologies LLC now owns 371,449 shares of the company’s stock valued at $851,000 after buying an additional 9,371 shares during the last quarter. Finally, State Street Corp raised its position in Everi Holdings by 1.7% in the first quarter. State Street Corp now owns 1,068,211 shares of the company’s stock valued at $2,444,000 after buying an additional 18,190 shares during the last quarter. Institutional investors and hedge funds own 72.67% of the company’s stock.
Everi Holdings Inc. (NYSE:EVRI) traded down 2.35% during mid-day trading on Wednesday, hitting $2.49. 66,289 shares of the stock were exchanged. The stock’s market cap is $164.45 million. The company has a 50 day moving average price of $2.31 and a 200 day moving average price of $1.87. Everi Holdings Inc. has a 52 week low of $1.13 and a 52 week high of $5.35.
Everi Holdings (NYSE:EVRI) last released its earnings results on Tuesday, August 9th. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. Everi Holdings had a negative net margin of 14.01% and a positive return on equity of 12.36%. The business had revenue of $214 million for the quarter, compared to analysts’ expectations of $206.92 million. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts expect that Everi Holdings Inc. will post ($0.69) EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Everi Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Everi Holdings presently has an average rating of “Hold” and a consensus target price of $4.19.
In other news, Director Eileen F. Raney purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was acquired at an average price of $2.15 per share, with a total value of $32,250.00. Following the purchase, the director now owns 36,000 shares in the company, valued at approximately $77,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is owned by corporate insiders.
About Everi Holdings
Everi Holdings Inc, formerly Global Cash Access Holdings, Inc, is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc and Everi Payments Inc It provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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