Dark Forest Capital Management LP Sells 5,392 Shares of Everi Holdings Inc. (NYSE:EVRI)

Dark Forest Capital Management LP decreased its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 27.6% in the second quarter, Holdings Channel reports. The firm owned 14,169 shares of the credit services provider’s stock after selling 5,392 shares during the quarter. Dark Forest Capital Management LP’s holdings in Everi were worth $119,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Everi by 5.4% in the 2nd quarter. AQR Capital Management LLC now owns 358,563 shares of the credit services provider’s stock valued at $3,012,000 after purchasing an additional 18,297 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Everi by 569.9% during the 2nd quarter. Squarepoint Ops LLC now owns 417,266 shares of the credit services provider’s stock valued at $3,505,000 after purchasing an additional 354,979 shares during the last quarter. Solel Partners LP acquired a new position in Everi in the second quarter valued at about $488,000. Magnetar Financial LLC bought a new stake in Everi during the second quarter worth about $104,000. Finally, Burgundy Asset Management Ltd. increased its holdings in shares of Everi by 1,230.8% during the second quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock worth $5,745,000 after buying an additional 632,544 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, EVP Darren Simmons sold 75,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the transaction, the executive vice president now owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP David Lucchese sold 4,124 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total transaction of $53,570.76. Following the completion of the transaction, the executive vice president now owns 588,404 shares in the company, valued at $7,643,367.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Darren Simmons sold 75,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the sale, the executive vice president now owns 190,425 shares in the company, valued at $2,494,567.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,417 shares of company stock valued at $1,713,281. Company insiders own 6.40% of the company’s stock.

Everi Trading Up 0.1 %

Shares of EVRI opened at $13.15 on Tuesday. The stock’s fifty day simple moving average is $12.78 and its 200-day simple moving average is $9.92. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. The firm has a market capitalization of $1.11 billion, a PE ratio of 20.23 and a beta of 2.15. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.35.

Everi (NYSE:EVRI) last issued its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $191.19 million for the quarter, compared to analyst estimates of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. As a group, research analysts predict that Everi Holdings Inc. will post 0.49 earnings per share for the current year.

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.