Mutual of America Capital Management LLC Has $3.04 Million Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Mutual of America Capital Management LLC decreased its stake in Everi Holdings Inc. (NYSE:EVRI) by 4.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 269,461 shares of the credit services provider’s stock after selling 12,267 shares during the period. Mutual of America Capital Management LLC’s holdings in Everi were worth $3,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Capital Advisors Group LLC. bought a new stake in shares of Everi during the 2nd quarter valued at about $29,000. Federated Hermes Inc. boosted its position in shares of Everi by 42.9% during the 3rd quarter. Federated Hermes Inc. now owns 2,350 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 706 shares in the last quarter. Comerica Bank bought a new stake in shares of Everi during the 3rd quarter valued at about $34,000. Tower Research Capital LLC TRC boosted its position in shares of Everi by 37.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,167 shares of the credit services provider’s stock valued at $60,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Point72 Middle East FZE bought a new stake in shares of Everi during the 4th quarter valued at about $60,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Stock Performance

NYSE EVRI opened at $8.85 on Friday. The company has a fifty day simple moving average of $9.90 and a 200 day simple moving average of $10.67. Everi Holdings Inc. has a 12-month low of $8.67 and a 12-month high of $17.85. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28. The company has a market cap of $741.45 million, a P/E ratio of 9.83 and a beta of 2.05.

Everi (NYSE:EVRI) last posted its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.19). Everi had a net margin of 10.40% and a return on equity of 42.93%. The business had revenue of $192.00 million during the quarter, compared to analyst estimates of $200.99 million. During the same period in the previous year, the business posted $0.28 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. Sell-side analysts predict that Everi Holdings Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on EVRI. StockNews.com lowered Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial restated a “hold” rating and set a $13.00 target price (down previously from $14.00) on shares of Everi in a research report on Friday, March 1st. B. Riley started coverage on Everi in a research report on Friday, April 5th. They set a “neutral” rating and a $12.00 target price on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $13.00 price target (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 and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.60.

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.