Clearbridge Investments LLC Has $23.40 Million Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Clearbridge Investments LLC boosted its stake in Everi Holdings Inc. (NYSE:EVRI) by 85.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,785,753 shares of the credit services provider’s stock after purchasing an additional 1,282,682 shares during the quarter. Clearbridge Investments LLC’s holdings in Everi were worth $23,400,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. CWM LLC grew its holdings in shares of Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after buying an additional 1,897 shares during the last quarter. Oxford Financial Group LTD. LLC grew its holdings in shares of Everi by 4.3% during the first quarter. Oxford Financial Group LTD. LLC now owns 48,420 shares of the credit services provider’s stock valued at $487,000 after buying an additional 2,000 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Everi by 4.6% during the second quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock valued at $446,000 after buying an additional 2,347 shares during the last quarter. Quarry LP grew its holdings in shares of Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after buying an additional 2,864 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Everi

In other Everi news, CEO Randy L. Taylor sold 29,222 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $378,424.90. Following the completion of the transaction, the chief executive officer now owns 794,822 shares of the company’s stock, valued at $10,292,944.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Everi news, CEO Randy L. Taylor sold 29,222 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $378,424.90. Following the completion of the transaction, the chief executive officer now owns 794,822 shares of the company’s stock, valued at $10,292,944.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark F. Labay sold 10,645 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $137,852.75. Following the completion of the sale, the chief financial officer now directly owns 192,426 shares of the company’s stock, valued at $2,491,916.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,417 shares of company stock valued at $1,713,281. Corporate insiders own 6.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Everi Price Performance

Shares of NYSE:EVRI opened at $13.15 on Friday. The company has a 50 day moving average of $13.03 and a 200 day moving average of $10.02. The stock has a market cap of $1.11 billion, a P/E 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. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 3.94.

Everi (NYSE:EVRI) last issued its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $191.19 million during the quarter, compared to analysts’ expectations of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. As a group, sell-side analysts forecast that Everi Holdings Inc. will post 0.49 EPS for the current fiscal year.

About Everi

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.