Voya Investment Management LLC Invests $211,000 in Everi Holdings Inc. (EVRI)
Voya Investment Management LLC bought a new stake in Everi Holdings Inc. (NYSE:EVRI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,006 shares of the credit services provider’s stock, valued at approximately $211,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. OxFORD Asset Management LLP increased its stake in Everi Holdings by 29.5% in the 2nd quarter. OxFORD Asset Management LLP now owns 596,734 shares of the credit services provider’s stock valued at $4,344,000 after buying an additional 135,797 shares during the period. Dimensional Fund Advisors LP increased its stake in Everi Holdings by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,965,918 shares of the credit services provider’s stock valued at $28,872,000 after buying an additional 318,508 shares during the period. Citadel Advisors LLC increased its stake in Everi Holdings by 7.1% in the 2nd quarter. Citadel Advisors LLC now owns 88,549 shares of the credit services provider’s stock valued at $645,000 after buying an additional 5,842 shares during the period. Renaissance Technologies LLC increased its stake in Everi Holdings by 91.9% in the 2nd quarter. Renaissance Technologies LLC now owns 4,868,878 shares of the credit services provider’s stock valued at $35,445,000 after buying an additional 2,331,500 shares during the period. Finally, EAM Investors LLC increased its stake in Everi Holdings by 97.4% in the 2nd quarter. EAM Investors LLC now owns 276,998 shares of the credit services provider’s stock valued at $2,017,000 after buying an additional 136,671 shares during the period. 85.69% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on EVRI shares. BidaskClub cut shares of Everi Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reissued a “buy” rating and issued a $11.00 price objective on shares of Everi Holdings in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Everi Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $7.33.
In related news, Director Geoffrey P. Judge sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $7.70, for a total value of $77,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael D. Rumbolz sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $6.90, for a total transaction of $103,500.00. Following the completion of the sale, the insider now owns 121,742 shares in the company, valued at $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 over the last 90 days. Insiders own 4.50% of the company’s stock.
Shares of Everi Holdings Inc. (NYSE EVRI) opened at $8.65 on Monday. Everi Holdings Inc. has a 1 year low of $2.08 and a 1 year high of $8.99. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -9.13.
Everi Holdings (NYSE:EVRI) last issued its earnings results on Monday, October 30th. The credit services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.06. The company had revenue of $247.32 million for the quarter, compared to analyst estimates of $228.37 million. Everi Holdings had a negative net margin of 25.82% and a negative return on equity of 16,159.62%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) EPS. equities analysts expect that Everi Holdings Inc. will post -0.5 earnings per share for the current year.
Everi Holdings 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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