M&T Bank Corp Acquires 87,906 Shares of Everi Holdings Inc. (NYSE:EVRI)

M&T Bank Corp lifted its holdings in Everi Holdings Inc. (NYSE:EVRI) by 66.4% in the 4th quarter, Holdings Channel reports. The firm owned 220,368 shares of the credit services provider’s stock after buying an additional 87,906 shares during the quarter. M&T Bank Corp’s holdings in Everi were worth $2,484,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new stake in shares of Everi in the fourth quarter worth $52,000. Principal Financial Group Inc. bought a new stake in shares of Everi during the 3rd quarter worth $136,000. AXQ Capital LP bought a new stake in shares of Everi during the 3rd quarter worth $142,000. Oak Thistle LLC bought a new stake in shares of Everi during the 4th quarter worth $124,000. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of Everi by 12.3% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 11,462 shares of the credit services provider’s stock worth $152,000 after buying an additional 1,256 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Everi Price Performance

NYSE:EVRI opened at $7.96 on Thursday. The stock has a market cap of $666.47 million, a P/E ratio of 8.84 and a beta of 2.09. Everi Holdings Inc. has a one year low of $7.57 and a one year high of $17.85. The company has a fifty day moving average price of $9.15 and a 200 day moving average price of $10.28. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.05 and a quick ratio of 0.97.

Everi (NYSE:EVRI) last announced its quarterly earnings data on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (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 during the quarter, compared to analyst estimates of $200.99 million. During the same quarter in the prior year, the company posted $0.28 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. Analysts anticipate that Everi Holdings Inc. will post 0.91 earnings per share for the current year.

Insider Activity

In other news, CAO Todd A. Valli sold 15,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $8.05, for a total value of $120,750.00. Following the completion of the transaction, the chief accounting officer now owns 49,440 shares in the company, valued at approximately $397,992. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CAO Todd A. Valli sold 15,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $8.05, for a total transaction of $120,750.00. Following the completion of the sale, the chief accounting officer now owns 49,440 shares in the company, valued at approximately $397,992. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 30,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $8.17, for a total transaction of $245,100.00. Following the sale, the director now owns 91,572 shares of the company’s stock, valued at approximately $748,143.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,000 shares of company stock worth $729,000. 6.40% of the stock is currently owned by corporate insiders.

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.