Clearbridge Investments LLC Has $16.58 Million Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Clearbridge Investments LLC lifted its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 0.5% in the fourth quarter, HoldingsChannel reports. The fund owned 1,471,387 shares of the credit services provider’s stock after buying an additional 7,097 shares during the period. Clearbridge Investments LLC’s holdings in Everi were worth $16,583,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EVRI. Wolverine Asset Management LLC bought a new stake in shares of Everi during the 4th quarter valued at $52,000. Principal Financial Group Inc. acquired a new position in Everi in the third quarter valued at about $136,000. LSV Asset Management acquired a new position in shares of Everi during the 4th quarter worth about $121,000. AXQ Capital LP acquired a new position in shares of Everi during the 3rd quarter worth about $142,000. Finally, Oak Thistle LLC acquired a new stake in shares of Everi in the 4th quarter valued at approximately $124,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Ratings Changes

EVRI has been the subject of a number of analyst reports. StockNews.com cut shares of Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial lowered their price objective on shares of Everi from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Stifel Nicolaus reduced their target price on Everi from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. B. Riley initiated coverage on Everi in a research note on Friday, April 5th. They issued a “neutral” rating and a $12.00 target price for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $13.00 price objective (down previously from $18.00) on shares of Everi in a report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.60.

Insider Buying and Selling

In related news, Chairman Michael D. Rumbolz sold 5,040 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $7.60, for a total transaction of $38,304.00. Following the completion of the transaction, the chairman now directly owns 1,082,062 shares of the company’s stock, valued at $8,223,671.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Everi news, CEO Randy L. Taylor sold 28,713 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $7.65, for a total transaction of $219,654.45. Following the completion of the sale, the chief executive officer now directly owns 585,281 shares in the company, valued at $4,477,399.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Michael D. Rumbolz sold 5,040 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $7.60, for a total value of $38,304.00. Following the completion of the transaction, the chairman now directly owns 1,082,062 shares in the company, valued at approximately $8,223,671.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,043 shares of company stock worth $1,073,022. 6.40% of the stock is owned by insiders.

Everi Price Performance

EVRI stock remained flat at $6.67 during trading hours on Friday. The company’s stock had a trading volume of 3,095,297 shares, compared to its average volume of 1,255,599. The firm’s 50 day simple moving average is $8.61 and its 200-day simple moving average is $9.99. Everi Holdings Inc. has a 52-week low of $6.61 and a 52-week high of $16.08. The company has a market cap of $560.81 million, a P/E ratio of 10.25 and a beta of 2.09. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.96 and a current ratio of 1.05.

Everi (NYSE:EVRI) last released its earnings results on Wednesday, May 8th. The credit services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.12). The firm had revenue of $189.30 million during the quarter, compared to the consensus estimate of $188.82 million. Everi had a net margin of 7.59% and a return on equity of 30.41%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. As a group, equities research analysts forecast that Everi Holdings Inc. will post 0.72 earnings per share for the current year.

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.