Quarry LP Grows Stock Position in Everi Holdings Inc. (NYSE:EVRI)

Quarry LP lifted its stake in Everi Holdings Inc. (NYSE:EVRI) by 38.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,230 shares of the credit services provider’s stock after buying an additional 2,864 shares during the quarter. Quarry LP’s holdings in Everi were worth $86,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 3,060 shares during the period. CWM LLC lifted its stake in shares of Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 1,897 shares during the period. Magnetar Financial LLC purchased a new stake in Everi during the second quarter worth $104,000. Meeder Asset Management Inc. acquired a new stake in Everi during the second quarter valued at $118,000. Finally, EntryPoint Capital LLC increased its holdings in Everi by 30.9% in the first quarter. EntryPoint Capital LLC now owns 13,545 shares of the credit services provider’s stock valued at $136,000 after buying an additional 3,200 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Everi Stock Up 0.3 %

NYSE EVRI opened at $13.18 on Thursday. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $13.35. 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 business has a fifty day moving average price of $12.86 and a 200 day moving average price of $9.95. The company has a market cap of $1.11 billion, a P/E ratio of 20.27 and a beta of 2.15.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, EVP Darren Simmons sold 75,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 190,425 shares of the company’s stock, valued at $2,494,567.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 190,425 shares of the company’s stock, valued at $2,494,567.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $155,736.70. Following the sale, the executive vice president now owns 68,477 shares of the company’s stock, valued at $886,777.15. The disclosure for this sale can be found here. Insiders have sold 131,417 shares of company stock valued at $1,713,281 in the last ninety days. 6.40% of the stock is currently owned by corporate insiders.

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.