Russell Investments Group Ltd. Reduces Stake in Everi Holdings Inc. (NYSE:EVRI)

Russell Investments Group Ltd. lowered its position in Everi Holdings Inc. (NYSE:EVRI – Get Rating) by 44.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,261 shares of the credit services provider’s stock after selling 89,265 shares during the period. Russell Investments Group Ltd.’s holdings in Everi were worth $1,625,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. increased its position in Everi by 28.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,836,870 shares of the credit services provider’s stock valued at $29,795,000 after buying an additional 412,110 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new position in Everi during the 3rd quarter valued at approximately $6,605,000. Renaissance Technologies LLC increased its position in Everi by 142.8% during the 2nd quarter. Renaissance Technologies LLC now owns 662,800 shares of the credit services provider’s stock valued at $10,810,000 after buying an additional 389,800 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Everi by 923.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 407,714 shares of the credit services provider’s stock valued at $6,613,000 after buying an additional 367,892 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Everi by 5.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,472,345 shares of the credit services provider’s stock valued at $88,762,000 after buying an additional 291,696 shares in the last quarter. Institutional investors own 87.51% of the company’s stock.

Everi Stock Performance

EVRI stock opened at $14.84 on Wednesday. The company has a market cap of $1.32 billion, a P/E ratio of 12.26 and a beta of 2.34. Everi Holdings Inc. has a 1 year low of $13.52 and a 1 year high of $21.11. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.25 and a quick ratio of 1.11. The stock’s fifty day moving average price is $15.86 and its 200-day moving average price is $16.36.

Everi (NYSE:EVRI – Get Rating) last released its quarterly earnings results on Wednesday, May 10th. The credit services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The firm had revenue of $200.47 million for the quarter, compared to the consensus estimate of $189.43 million. Everi had a return on equity of 55.02% and a net margin of 14.17%. On average, equities analysts forecast that Everi Holdings Inc. will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

EVRI has been the subject of a number of analyst reports. TheStreet raised Everi from a “c” rating to a “b-” rating in a research report on Monday, May 1st. B. Riley reduced their target price on Everi from $31.00 to $27.00 in a report on Thursday, May 11th. StockNews.com lowered Everi from a “strong-buy” rating to a “buy” rating in a report on Monday. Raymond James reduced their target price on Everi from $26.00 to $25.00 in a report on Thursday, May 11th. Finally, 58.com reissued a “maintains” rating on shares of Everi in a report on Tuesday, May 2nd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $26.20.

Insider Activity at Everi

In related news, EVP David Lucchese sold 38,398 shares of Everi stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $18.61, for a total transaction of $714,586.78. Following the transaction, the executive vice president now directly owns 167,287 shares in the company, valued at $3,113,211.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Everi news, CAO Todd A. Valli sold 5,235 shares of the firm’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $18.58, for a total transaction of $97,266.30. Following the sale, the chief accounting officer now directly owns 38,819 shares of the company’s stock, valued at $721,257.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David Lucchese sold 38,398 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $18.61, for a total value of $714,586.78. Following the sale, the executive vice president now directly owns 167,287 shares in the company, valued at $3,113,211.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,633 shares of company stock worth $923,333. Corporate insiders own 5.70% of the company’s stock.

Everi Profile

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Everi Holdings, Inc engages in the provision of technology solutions to the casino, interactive, and gaming industry. It operates through the Games and Financial Technology Solutions (FinTech) segments. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions, and ancillary products and services.