Goldman Sachs Group Inc. Boosts Stock Position in Everi Holdings Inc. (NYSE:EVRI)

Goldman Sachs Group Inc. grew its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 67.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,849,241 shares of the credit services provider’s stock after buying an additional 745,022 shares during the period. Goldman Sachs Group Inc. owned 2.16% of Everi worth $20,841,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Everi by 5.5% during the 3rd 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 in the last quarter. Breach Inlet Capital Management LLC bought a new stake in Everi during the 4th quarter valued at approximately $6,051,000. Clearbridge Investments LLC raised its stake in Everi by 0.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,471,387 shares of the credit services provider’s stock valued at $16,583,000 after purchasing an additional 7,097 shares during the period. Vanguard Group Inc. raised its stake in Everi by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,860,007 shares of the credit services provider’s stock valued at $77,469,000 after purchasing an additional 64,529 shares during the period. Finally, UBS Group AG raised its stake in Everi by 290.1% during the 3rd quarter. UBS Group AG now owns 256,159 shares of the credit services provider’s stock valued at $3,386,000 after purchasing an additional 190,501 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Everi

In other news, Chairman Michael D. Rumbolz sold 5,040 shares of Everi stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $7.60, for a total value of $38,304.00. Following the completion of the transaction, the chairman now owns 1,082,062 shares in the company, valued at approximately $8,223,671.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Randy L. Taylor sold 28,713 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $7.65, for a total transaction of $219,654.45. Following the completion of the transaction, the chief executive officer now owns 585,281 shares in the company, valued at approximately $4,477,399.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Michael D. Rumbolz sold 5,040 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $7.60, for a total value of $38,304.00. Following the transaction, the chairman now owns 1,082,062 shares of the company’s stock, valued at approximately $8,223,671.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,043 shares of company stock worth $1,073,022. 6.40% of the stock is currently owned by company insiders.

Everi Price Performance

Shares of Everi stock opened at $7.91 on Wednesday. The stock has a market cap of $665.07 million, a price-to-earnings ratio of 12.17 and a beta of 2.16. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.96 and a current ratio of 1.05. The stock has a 50 day moving average price of $7.83 and a 200-day moving average price of $9.47. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $15.25.

Everi (NYSE:EVRI) last announced its earnings results on Wednesday, May 8th. The credit services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). The company had revenue of $189.30 million during the quarter, compared to analysts’ expectations of $188.82 million. Everi had a return on equity of 30.41% and a net margin of 7.59%. Everi’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Equities analysts expect that Everi Holdings Inc. will post 0.72 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com downgraded Everi from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Stifel Nicolaus reduced their price objective on Everi from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Truist Financial reduced their price objective on Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. B. Riley started coverage on Everi in a research note on Friday, April 5th. They issued a “neutral” rating and a $12.00 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 price objective (down previously from $18.00) on shares of Everi in a research note on Friday, March 1st. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.60.

Everi 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.