Burgundy Asset Management Ltd. Has $5.75 Million Position in Everi Holdings Inc. (NYSE:EVRI)

Burgundy Asset Management Ltd. boosted its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 1,230.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 683,938 shares of the credit services provider’s stock after buying an additional 632,544 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 0.81% of Everi worth $5,745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EVRI. Charles Schwab Investment Management Inc. lifted its stake in shares of Everi by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,024,486 shares of the credit services provider’s stock valued at $11,546,000 after purchasing an additional 58,267 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Everi by 66.5% in the 4th quarter. BNP Paribas Financial Markets now owns 166,173 shares of the credit services provider’s stock valued at $1,873,000 after purchasing an additional 66,395 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Everi by 0.5% in 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. Trexquant Investment LP lifted its stake in shares of Everi by 14.6% in the 4th quarter. Trexquant Investment LP now owns 94,323 shares of the credit services provider’s stock valued at $1,063,000 after purchasing an additional 12,017 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Everi in the 4th quarter valued at about $596,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Raymond James reissued a “market perform” rating on shares of Everi in a research note on Monday, July 29th. B. Riley upped their price target on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research note on Monday, August 5th. StockNews.com assumed coverage on Everi in a research note on Sunday. They set a “hold” rating on the stock. Truist Financial dropped their price target on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $14.25 price target (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.50.

Everi Stock Performance

Shares of EVRI opened at $13.18 on Thursday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. The stock has a 50 day moving average price of $12.06 and a two-hundred day moving average price of $9.70. The firm has a market capitalization of $1.11 billion, a P/E ratio of 20.28 and a beta of 2.15. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $14.62.

Everi (NYSE:EVRI) last issued its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $191.19 million during the quarter, compared to analyst estimates of $190.00 million. Everi had a return on equity of 17.86% and a net margin of 5.42%. Equities analysts forecast that Everi Holdings Inc. will post 0.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Everi news, EVP David Lucchese sold 4,124 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $12.99, for a total transaction of $53,570.76. Following the completion of the sale, the executive vice president now directly owns 588,404 shares of the company’s stock, valued at approximately $7,643,367.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP David Lucchese sold 4,124 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $12.99, for a total value of $53,570.76. Following the completion of the transaction, the executive vice president now directly owns 588,404 shares of the company’s stock, valued at $7,643,367.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the transaction, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at $2,494,567.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,417 shares of company stock valued at $1,713,281. Corporate insiders own 6.40% of the company’s stock.

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.