Creative Planning Acquires 54,687 Shares of Everi Holdings Inc. (NYSE:EVRI)

Creative Planning boosted its stake in Everi Holdings Inc. (NYSE:EVRI) by 528.2% during the second quarter, Holdings Channel.com reports. The firm owned 65,041 shares of the credit services provider’s stock after buying an additional 54,687 shares during the period. Creative Planning’s holdings in Everi were worth $546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EVRI. Sei Investments Co. lifted its holdings in Everi by 13.7% in the first quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock worth $5,495,000 after buying an additional 66,033 shares during the period. Vista Investment Partners LLC purchased a new position in shares of Everi during the second quarter valued at approximately $346,000. Susquehanna Fundamental Investments LLC bought a new stake in Everi in the 1st quarter worth approximately $1,168,000. Private Capital Management LLC grew its holdings in shares of Everi by 19.8% in the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock worth $28,051,000 after acquiring an additional 461,939 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Everi by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock valued at $20,841,000 after purchasing an additional 745,022 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Everi Price Performance

Everi stock opened at $13.25 on Tuesday. The firm’s fifty day moving average is $13.07 and its 200 day moving average is $10.19. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $13.25. 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 company has a market cap of $1.11 billion, a price-to-earnings ratio of 20.38 and a beta of 2.15.

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

Insider Buying and Selling

In other Everi news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 190,425 shares in the company, valued at $2,494,567.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $155,736.70. Following the completion of the sale, the executive vice president now owns 68,477 shares in the company, valued at approximately $886,777.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction 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 sale, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. This trade represents a 0.00 % decrease in their ownership of the stock. 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 owned by company insiders.

Analyst Upgrades and Downgrades

EVRI has been the topic of several analyst reports. Truist Financial dropped their price target on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Stifel Nicolaus restated a “hold” rating and set a $14.25 price objective (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Raymond James reiterated a “market perform” rating on shares of Everi in a research note on Monday, July 29th. StockNews.com began coverage on Everi in a research report on Wednesday, October 9th. They issued a “hold” rating on the stock. Finally, B. Riley boosted their price target on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Everi has a consensus rating of “Hold” and a consensus target price of $13.50.

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.