RIA Advisory Group LLC Makes New Investment in Everi Holdings Inc. (NYSE:EVRI)

RIA Advisory Group LLC acquired a new position in shares of Everi Holdings Inc. (NYSE:EVRI) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 36,172 shares of the credit services provider’s stock, valued at approximately $399,000.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Everi by 9.4% during the second quarter. BlackRock Inc. now owns 6,977,955 shares of the credit services provider’s stock worth $100,901,000 after buying an additional 599,505 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Everi by 4.9% during the 1st quarter. Thrivent Financial for Lutherans now owns 6,002,359 shares of the credit services provider’s stock valued at $102,940,000 after purchasing an additional 279,348 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Everi by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,860,007 shares of the credit services provider’s stock valued at $77,469,000 after purchasing an additional 64,529 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Everi by 36.4% during the 3rd quarter. American Century Companies Inc. now owns 2,896,663 shares of the credit services provider’s stock valued at $38,294,000 after purchasing an additional 772,860 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Everi by 1.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,446,730 shares of the credit services provider’s stock valued at $35,380,000 after purchasing an additional 37,353 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EVRI. Truist Financial reiterated a “hold” rating and set a $13.00 price objective (down previously from $14.00) on shares of Everi in a report on Friday, March 1st. StockNews.com lowered Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. B. Riley assumed coverage on Everi in a research report on Friday, April 5th. They issued a “neutral” rating and a $12.00 target price on the stock. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $13.00 target price (down previously from $18.00) on shares of Everi in a research report on Friday, March 1st. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.60.

Everi Stock Down 0.1 %

Everi stock traded down $0.01 during midday trading on Friday, reaching $8.83. The stock had a trading volume of 619,514 shares, compared to its average volume of 1,075,657. The stock has a market capitalization of $739.78 million, a P/E ratio of 9.80 and a beta of 2.05. Everi Holdings Inc. has a 1-year low of $8.67 and a 1-year high of $17.85. The firm’s fifty day simple moving average is $9.90 and its 200-day simple moving average is $10.67. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 1.05.

Everi (NYSE:EVRI) last posted its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.19). The company had revenue of $192.00 million for the quarter, compared to analyst estimates of $200.99 million. Everi had a return on equity of 42.93% and a net margin of 10.40%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. As a group, analysts expect that Everi Holdings Inc. will post 0.97 EPS for the current fiscal year.

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.