Zurcher Kantonalbank Zurich Cantonalbank Acquires 11,683 Shares of Everi Holdings Inc. (NYSE:EVRI)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Everi Holdings Inc. (NYSE:EVRI) by 18.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 75,940 shares of the credit services provider’s stock after buying an additional 11,683 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Everi were worth $856,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in EVRI. American Century Companies Inc. grew its position in shares of Everi by 36.4% during the 3rd quarter. American Century Companies Inc. now owns 2,896,663 shares of the credit services provider’s stock valued at $38,294,000 after acquiring an additional 772,860 shares during the period. Assenagon Asset Management S.A. grew its holdings in Everi by 97.1% during the third quarter. Assenagon Asset Management S.A. now owns 801,124 shares of the credit services provider’s stock valued at $10,591,000 after purchasing an additional 394,614 shares during the period. Clearbridge Investments LLC increased its position in Everi by 25.8% in the third quarter. Clearbridge Investments LLC now owns 1,464,290 shares of the credit services provider’s stock worth $19,358,000 after buying an additional 300,028 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Everi in the third quarter valued at $3,460,000. Finally, Heartland Advisors Inc. lifted its position in shares of Everi by 66.7% during the 3rd quarter. Heartland Advisors Inc. now owns 500,000 shares of the credit services provider’s stock valued at $6,610,000 after buying an additional 200,000 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

EVRI has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 price objective (down from $18.00) on shares of Everi in a report on Friday, March 1st. B. Riley started coverage on shares of Everi in a research report on Friday, April 5th. They set a “neutral” rating and a $12.00 price target for the company. Truist Financial decreased their target price on Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Finally, StockNews.com downgraded Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.20.

Everi Price Performance

Shares of Everi stock opened at $8.38 on Monday. The business’s 50-day moving average price is $9.63 and its 200-day moving average price is $10.48. The firm has a market capitalization of $702.08 million, a PE ratio of 9.31 and a beta of 2.05. Everi Holdings Inc. has a 12 month low of $8.21 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.

Everi (NYSE:EVRI) last issued its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $200.99 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. Sell-side analysts forecast that Everi Holdings Inc. will post 0.92 EPS for the current fiscal year.

Everi Company 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.