Credit Suisse AG Reduces Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Credit Suisse AG reduced its stake in Everi Holdings Inc. (NYSE:EVRI) by 34.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,072 shares of the credit services provider’s stock after selling 29,923 shares during the period. Credit Suisse AG owned 0.06% of Everi worth $806,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. DG Capital Management LLC boosted its holdings in shares of Everi by 6.0% in the first quarter. DG Capital Management LLC now owns 1,157,219 shares of the credit services provider’s stock valued at $16,328,000 after acquiring an additional 65,907 shares during the period. Barclays PLC boosted its holdings in shares of Everi by 202.0% in the first quarter. Barclays PLC now owns 80,061 shares of the credit services provider’s stock valued at $1,130,000 after acquiring an additional 53,551 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Everi in the first quarter valued at approximately $1,739,000. Federated Hermes Inc. boosted its holdings in shares of Everi by 2,355.2% in the first quarter. Federated Hermes Inc. now owns 5,917 shares of the credit services provider’s stock valued at $83,000 after acquiring an additional 5,676 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Everi in the first quarter valued at approximately $1,016,000. Institutional investors own 87.45% of the company’s stock.

In other Everi news, Director Linster W. Fox sold 25,000 shares of the firm’s stock in a transaction on Wednesday, July 14th. The stock was sold at an average price of $23.58, for a total value of $589,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Randy L. Taylor sold 49,859 shares of the firm’s stock in a transaction on Thursday, July 1st. The shares were sold at an average price of $25.56, for a total value of $1,274,396.04. Following the completion of the sale, the chief operating officer now directly owns 249,355 shares of the company’s stock, valued at approximately $6,373,513.80. The disclosure for this sale can be found here. In the last three months, insiders sold 166,696 shares of company stock valued at $3,745,086. 5.80% of the stock is owned by corporate insiders.

EVRI has been the subject of several research analyst reports. Raymond James increased their price objective on Everi from $19.00 to $23.00 and gave the company a “strong-buy” rating in a report on Thursday, May 6th. Jefferies Financial Group assumed coverage on Everi in a report on Tuesday, July 6th. They issued a “buy” rating and a $30.00 price objective for the company. B. Riley assumed coverage on Everi in a report on Monday, May 3rd. They set a “buy” rating and a $25.00 price target for the company. TheStreet raised Everi from a “d+” rating to a “c+” rating in a report on Tuesday, May 25th. Finally, Zacks Investment Research raised Everi from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, May 11th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Everi currently has a consensus rating of “Buy” and a consensus target price of $23.67.

Everi stock opened at $21.89 on Wednesday. Everi Holdings Inc. has a one year low of $5.53 and a one year high of $25.90. The company has a current ratio of 1.43, a quick ratio of 1.35 and a debt-to-equity ratio of 64.39. The firm has a fifty day simple moving average of $22.01. The firm has a market capitalization of $1.93 billion, a P/E ratio of -37.10 and a beta of 3.11.

Everi (NYSE:EVRI) last released its earnings results on Wednesday, May 5th. The credit services provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. Everi had a negative return on equity of 13,310.05% and a negative net margin of 11.65%. The company had revenue of $139.11 million during the quarter, compared to the consensus estimate of $123.64 million. On average, equities analysts anticipate that Everi Holdings Inc. will post 0.95 EPS for the current fiscal year.

About Everi

Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, back office systems, and other related equipment.

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Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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