Everi Holdings Inc (NYSE:EVRI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of Everi Holdings Inc (NYSE:EVRI) by 12.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 800,416 shares of the credit services provider’s stock after selling 114,837 shares during the quarter. New York State Common Retirement Fund owned approximately 1.13% of Everi worth $8,420,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can lifted its position in shares of Everi by 247.0% in the 1st quarter. Bank of Montreal Can now owns 3,241 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 2,307 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Everi by 170.0% in the 1st quarter. Meeder Asset Management Inc. now owns 3,545 shares of the credit services provider’s stock worth $37,000 after purchasing an additional 2,232 shares during the period. Brinker Capital Inc. purchased a new stake in shares of Everi in the 4th quarter worth approximately $52,000. HRT Financial LLC purchased a new stake in shares of Everi in the 4th quarter worth approximately $58,000. Finally, LPL Financial LLC purchased a new stake in shares of Everi in the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Everi from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 14th. ValuEngine raised shares of Everi from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $10.90.

Shares of NYSE:EVRI traded up $0.07 during midday trading on Friday, reaching $11.93. The company’s stock had a trading volume of 1,253,126 shares, compared to its average volume of 962,276. The firm has a market capitalization of $846.81 million, a price-to-earnings ratio of 119.30, a PEG ratio of 1.86 and a beta of 1.56. Everi Holdings Inc has a twelve month low of $4.76 and a twelve month high of $12.29. The firm has a fifty day moving average price of $11.34.

Everi (NYSE:EVRI) last released its quarterly earnings data on Tuesday, May 7th. The credit services provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.06. The firm had revenue of $123.78 million for the quarter, compared to analyst estimates of $120.92 million. Everi had a net margin of 2.82% and a negative return on equity of 7.83%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. Equities analysts forecast that Everi Holdings Inc will post 0.31 EPS for the current fiscal year.

Everi Profile

Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and FinTech. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; 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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