Trexquant Investment LP Takes $331,000 Position in Everi Holdings Inc (EVRI)

Trexquant Investment LP purchased a new stake in Everi Holdings Inc (NYSE:EVRI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,672 shares of the credit services provider’s stock, valued at approximately $331,000. Trexquant Investment LP owned approximately 0.06% of Everi as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. 1st Global Advisors Inc. purchased a new position in shares of Everi in the second quarter valued at $101,000. Alliancebernstein L.P. acquired a new stake in shares of Everi during the second quarter valued at $108,000. Crescent Grove Advisors LLC acquired a new stake in shares of Everi during the second quarter valued at $109,000. Legal & General Group Plc acquired a new stake in shares of Everi during the second quarter valued at $121,000. Finally, Wayne Hummer Investments L.L.C. acquired a new stake in shares of Everi during the second quarter valued at $124,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

Everi Holdings Inc (NYSE EVRI) traded down $0.02 on Wednesday, hitting $7.70. The company had a trading volume of 537,400 shares, compared to its average volume of 775,419. 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 Inc has a fifty-two week low of $2.09 and a fifty-two week high of $8.99.

Everi (NYSE:EVRI) last posted its quarterly earnings data on Monday, October 30th. The credit services provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. The business had revenue of $247.32 million for the quarter, compared to analyst estimates of $228.37 million. Everi had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.12) earnings per share. equities analysts predict that Everi Holdings Inc will post -0.5 earnings per share for the current fiscal year.

In other Everi news, Director Eileen F. Raney purchased 9,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $8.65 per share, with a total value of $77,850.00. Following the purchase, the director now owns 59,000 shares in the company, valued at $510,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juliet Lim sold 133,515 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $8.33, for a total value of $1,112,179.95. Following the completion of the sale, the executive vice president now directly owns 43,370 shares in the company, valued at $361,272.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 359,378 shares of company stock worth $2,949,643. 4.50% of the stock is owned by corporate insiders.

A number of analysts recently commented on EVRI shares. BidaskClub raised Everi from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Stifel Nicolaus increased their price objective on Everi from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised Everi from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $7.33.

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Everi 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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Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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