Everi Holdings Inc. (NYSE:EVRI) Shares Acquired by M&T Bank Corp

M&T Bank Corp boosted its position in Everi Holdings Inc. (NYSE:EVRI) by 66.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 220,368 shares of the credit services provider’s stock after purchasing an additional 87,906 shares during the quarter. M&T Bank Corp owned about 0.26% of Everi worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of Everi by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 966,219 shares of the credit services provider’s stock valued at $12,773,000 after buying an additional 50,147 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Everi by 25.8% in the 3rd quarter. Clearbridge Investments LLC now owns 1,464,290 shares of the credit services provider’s stock valued at $19,358,000 after acquiring an additional 300,028 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 worth $77,469,000 after purchasing an additional 64,529 shares during the period. Heartland Advisors Inc. boosted its holdings in shares of Everi by 66.7% during the third quarter. Heartland Advisors Inc. now owns 500,000 shares of the credit services provider’s stock worth $6,610,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Everi by 2.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,156,636 shares of the credit services provider’s stock valued at $28,511,000 after purchasing an additional 57,275 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Everi Trading Down 1.7 %

Shares of EVRI stock opened at $7.96 on Thursday. The firm’s 50 day moving average price is $9.15 and its two-hundred day moving average price is $10.28. Everi Holdings Inc. has a fifty-two week low of $7.57 and a fifty-two week high of $17.85. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 4.28. The stock has a market cap of $666.47 million, a price-to-earnings ratio of 8.84 and a beta of 2.09.

Everi (NYSE:EVRI) last announced its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.19). Everi had a net margin of 10.40% and a return on equity of 42.93%. The company had revenue of $192.00 million during the quarter, compared to analyst estimates of $200.99 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts anticipate that Everi Holdings Inc. will post 0.91 EPS for the current year.

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $8.17, for a total value of $245,100.00. Following the completion of the transaction, the director now owns 91,572 shares in the company, valued at approximately $748,143.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Everi news, CAO Todd A. Valli sold 15,000 shares of Everi stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $8.05, for a total transaction of $120,750.00. Following the sale, the chief accounting officer now directly owns 49,440 shares in the company, valued at approximately $397,992. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Geoffrey P. Judge sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $8.17, for a total value of $245,100.00. Following the completion of the transaction, the director now directly owns 91,572 shares in the company, valued at $748,143.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,000 shares of company stock worth $729,000. 6.40% of the stock is currently owned by company insiders.

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.