Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in Everi Holdings Inc. (NYSE:EVRI) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,400 shares of the credit services provider’s stock after selling 22,400 shares during the period. Swiss National Bank’s holdings in Everi were worth $1,954,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new stake in Everi in the fourth quarter valued at $52,000. Principal Financial Group Inc. bought a new stake in Everi during the third quarter valued at $136,000. AXQ Capital LP bought a new stake in Everi during the third quarter valued at $142,000. Oak Thistle LLC bought a new stake in Everi during the fourth quarter valued at $124,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in Everi by 12.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 11,462 shares of the credit services provider’s stock valued at $152,000 after purchasing an additional 1,256 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Darren Simmons sold 45,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $8.07, for a total value of $363,150.00. Following the completion of the sale, the executive vice president now owns 152,550 shares of the company’s stock, valued at $1,231,078.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Everi news, EVP Darren Simmons sold 45,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $8.07, for a total value of $363,150.00. Following the completion of the sale, the executive vice president now directly owns 152,550 shares of the company’s stock, valued at approximately $1,231,078.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Todd A. Valli sold 15,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $8.05, for a total transaction of $120,750.00. Following the completion of the sale, the chief accounting officer now directly owns 49,440 shares of the company’s stock, valued at $397,992. The disclosure for this sale can be found here. Insiders sold 135,043 shares of company stock valued at $1,073,022 over the last 90 days. 6.40% of the stock is currently owned by company insiders.

Everi Stock Performance

EVRI stock opened at $6.67 on Friday. The company has a market capitalization of $560.81 million, a P/E ratio of 10.26 and a beta of 2.09. The company has a 50-day simple moving average of $8.61 and a 200 day simple moving average of $9.99. Everi Holdings Inc. has a fifty-two week low of $6.61 and a fifty-two week high of $16.08. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 4.18.

Everi (NYSE:EVRI) last posted its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.12). The company had revenue of $189.30 million during the quarter, compared to analyst estimates of $188.82 million. Everi had a return on equity of 30.41% and a net margin of 7.59%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. Sell-side analysts predict that Everi Holdings Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EVRI has been the subject of several recent research reports. B. Riley initiated coverage on shares of Everi in a research note on Friday, April 5th. They set a “neutral” rating and a $12.00 target price for the company. Truist Financial lowered their target price on shares of Everi from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Jefferies Financial Group reiterated a “hold” rating and set a $13.00 target price (down previously from $18.00) on shares of Everi in a research note on Friday, March 1st. 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 report on Thursday, May 9th. Finally, StockNews.com lowered shares of Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.60.

About Everi

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.