Everi Holdings Inc. (NYSE:EVRI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Everi Holdings Inc. is a holding company which operates through subsidiaries, Global Cash Access, Inc. and Multimedia Games Holding Company, Inc. The Company’s segments include Games and Payments. Global Cash Access, Inc. provides integrated gaming payments solutions, video and mechanical reel gaming content and technology solutions, as well as compliance and software. Multimedia Games Holding Company, Inc., designs, manufactures and supplies gaming machines and systems. Everi Holdings Inc., formerly known as Global Cash Access Holdings, Inc., is headquartered in Las Vegas, United States. “

Shares of Everi Holdings (NYSE:EVRI) opened at 2.41 on Monday. Everi Holdings has a 12-month low of $1.13 and a 12-month high of $4.50. The company’s 50-day moving average price is $2.33 and its 200 day moving average price is $1.89. The stock’s market cap is $159.17 million.

Everi Holdings (NYSE:EVRI) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.04. The company earned $222.20 million during the quarter, compared to analysts’ expectations of $215.81 million. Everi Holdings had a negative return on equity of 4.76% and a negative net margin of 14.04%. Everi Holdings’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. On average, equities analysts predict that Everi Holdings will post ($0.66) earnings per share for the current year.

A number of hedge funds have recently modified their holdings of EVRI. Emerald Mutual Fund Advisers Trust raised its stake in shares of Everi Holdings by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 192,434 shares of the company’s stock valued at $475,000 after buying an additional 3,767 shares during the last quarter. 1st Global Advisors Inc. raised its stake in shares of 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. American Financial Group Inc. raised its stake in shares of Everi Holdings by 30.0% in the second quarter. American Financial Group Inc. now owns 131,286 shares of the company’s stock valued at $151,000 after buying an additional 30,329 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Everi Holdings by 6.9% in the third quarter. California Public Employees Retirement System now owns 511,800 shares of the company’s stock valued at $1,264,000 after buying an additional 33,100 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Everi Holdings by 118.4% in the third quarter. Wells Fargo & Company MN now owns 63,451 shares of the company’s stock valued at $157,000 after buying an additional 34,404 shares during the last quarter. 57.04% of the stock is currently owned by institutional investors.

Everi Holdings Company Profile

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.

5 Day Chart for NYSE:EVRI

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