Mount Yale Investment Advisors LLC Grows Stake in Everi Holdings Inc. (NYSE:EVRI)

Mount Yale Investment Advisors LLC grew its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 46.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,844 shares of the credit services provider’s stock after purchasing an additional 5,371 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Everi were worth $169,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Everi by 1.1% in the third quarter. Vanguard Group Inc. now owns 5,860,007 shares of the credit services provider’s stock worth $77,469,000 after acquiring an additional 64,529 shares in the last quarter. SG Americas Securities LLC grew its position in Everi by 94.4% in the fourth quarter. SG Americas Securities LLC now owns 42,046 shares of the credit services provider’s stock worth $474,000 after acquiring an additional 20,412 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Everi by 10.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 469,203 shares of the credit services provider’s stock worth $5,288,000 after acquiring an additional 43,625 shares in the last quarter. Oak Thistle LLC bought a new stake in Everi in the fourth quarter worth $124,000. Finally, Equitable Trust Co. lifted its stake in Everi by 98.7% in the fourth quarter. Equitable Trust Co. now owns 83,464 shares of the credit services provider’s stock worth $941,000 after purchasing an additional 41,450 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Everi news, Chairman Michael D. Rumbolz sold 5,040 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $7.60, for a total value of $38,304.00. Following the sale, the chairman now owns 1,082,062 shares in the company, valued at $8,223,671.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Everi news, Chairman Michael D. Rumbolz sold 5,040 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $7.60, for a total value of $38,304.00. Following the sale, the chairman now owns 1,082,062 shares in the company, valued at $8,223,671.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Darren Simmons sold 45,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $8.07, for a total transaction of $363,150.00. Following the completion of the sale, the executive vice president now owns 152,550 shares in the company, valued at approximately $1,231,078.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,043 shares of company stock worth $827,922. 6.40% of the stock is currently owned by company insiders.

Everi Trading Up 0.4 %

EVRI stock traded up $0.05 during trading on Tuesday, reaching $12.86. The company had a trading volume of 1,654,591 shares, compared to its average volume of 1,603,193. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $15.20. The company has a market cap of $1.08 billion, a P/E ratio of 19.71 and a beta of 2.19. The business has a 50 day moving average of $8.21 and a 200 day moving average of $9.11. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.05 and a quick ratio of 0.96.

Everi (NYSE:EVRI) last released its quarterly earnings results on Wednesday, May 8th. The credit services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). Everi had a return on equity of 30.41% and a net margin of 7.59%. The company had revenue of $189.30 million during the quarter, compared to the consensus estimate of $188.82 million. During the same period in the previous year, the company earned $0.39 earnings per share. Everi’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that Everi Holdings Inc. will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. B. Riley assumed coverage on shares of Everi in a research note on Friday, April 5th. They issued a “neutral” rating and a $12.00 price target for the company. Truist Financial lowered their price target on shares of Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Stifel Nicolaus lowered their price target on shares of Everi from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, Raymond James reissued a “market perform” rating on shares of Everi in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.40.

Everi Company Profile

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.