Wedge Capital Management L L P NC grew its holdings in Everi Holdings Inc (NYSE:EVRI) by 90.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 86,500 shares of the credit services provider’s stock after purchasing an additional 41,000 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Everi were worth $652,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Everi by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 215,141 shares of the credit services provider’s stock valued at $1,633,000 after purchasing an additional 6,237 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Everi by 22.4% in the third quarter. New York State Common Retirement Fund now owns 66,200 shares of the credit services provider’s stock valued at $502,000 after purchasing an additional 12,100 shares during the last quarter. 1st Global Advisors Inc. acquired a new stake in shares of Everi in the second quarter valued at about $101,000. Alliancebernstein L.P. acquired a new stake in shares of Everi in the second quarter valued at about $108,000. Finally, Legal & General Group Plc acquired a new stake in shares of Everi in the second quarter valued at about $121,000. 83.91% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on EVRI shares. BidaskClub raised Everi from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $11.00 price target on shares of Everi in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Everi currently has a consensus rating of “Buy” and an average target price of $7.33.
Everi (NYSE:EVRI) last released its earnings results on Monday, October 30th. The credit services provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. The firm had revenue of $247.32 million for the quarter, compared to analyst estimates of $228.37 million. During the same period last year, the business earned ($0.12) earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. analysts anticipate that Everi Holdings Inc will post -0.5 EPS for the current year.
In related news, insider Michael D. Rumbolz sold 9,134 shares of Everi stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $8.00, for a total transaction of $73,072.00. Following the sale, the insider now directly owns 113,977 shares of the company’s stock, valued at $911,816. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael D. Rumbolz sold 33,366 shares of Everi stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $8.00, for a total value of $266,928.00. Following the sale, the insider now directly owns 110,302 shares in the company, valued at $882,416. The disclosure for this sale can be found here. Over the last three months, insiders have sold 436,878 shares of company stock worth $3,572,343. 4.50% of the stock is owned by company insiders.
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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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