Everi Holdings Inc. (NYSE:EVRI) Stock Holdings Boosted by Comerica Bank

Comerica Bank raised its position in shares of Everi Holdings Inc. (NYSE:EVRIGet Rating) by 12.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,312 shares of the credit services provider’s stock after purchasing an additional 7,439 shares during the quarter. Comerica Bank owned about 0.07% of Everi worth $1,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. West Branch Capital LLC bought a new stake in shares of Everi during the 2nd quarter worth $44,000. Meeder Asset Management Inc. bought a new stake in shares of Everi during the 2nd quarter worth $65,000. Lazard Asset Management LLC boosted its stake in shares of Everi by 7,296.6% during the 1st quarter. Lazard Asset Management LLC now owns 4,364 shares of the credit services provider’s stock worth $91,000 after acquiring an additional 4,305 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of Everi by 9.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 9,281 shares of the credit services provider’s stock worth $151,000 after acquiring an additional 824 shares in the last quarter. Finally, Prelude Capital Management LLC boosted its stake in shares of Everi by 9.0% during the 2nd quarter. Prelude Capital Management LLC now owns 11,169 shares of the credit services provider’s stock worth $182,000 after acquiring an additional 924 shares in the last quarter. 87.51% of the stock is owned by institutional investors.

Everi Stock Performance

Shares of Everi stock opened at $16.76 on Tuesday. The stock has a market cap of $1.50 billion, a PE ratio of 9.21 and a beta of 2.35. The business has a fifty day simple moving average of $15.43 and a 200-day simple moving average of $17.28. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 4.45. Everi Holdings Inc. has a 12 month low of $13.52 and a 12 month high of $24.23.

Everi (NYSE:EVRIGet Rating) last issued its earnings results on Tuesday, November 8th. The credit services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). The business had revenue of $204.32 million during the quarter, compared to analyst estimates of $196.66 million. Everi had a return on equity of 57.84% and a net margin of 23.80%. On average, sell-side analysts anticipate that Everi Holdings Inc. will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Craig Hallum reduced their price objective on Everi from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, January 17th. StockNews.com cut Everi from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 11th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $28.00.

About Everi

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Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.

Further Reading

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Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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