Allianz Asset Management GmbH Has $5.65 Million Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Allianz Asset Management GmbH increased its holdings in Everi Holdings Inc. (NYSE:EVRIFree Report) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 501,264 shares of the credit services provider’s stock after purchasing an additional 156,385 shares during the period. Allianz Asset Management GmbH owned approximately 0.59% of Everi worth $5,649,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new position in shares of Everi during the 4th quarter valued at about $52,000. LSV Asset Management acquired a new stake in shares of Everi in the fourth quarter worth $121,000. Oak Thistle LLC bought a new stake in shares of Everi during the 4th quarter worth $124,000. Principal Financial Group Inc. acquired a new position in Everi in the 3rd quarter valued at $136,000. Finally, AXQ Capital LP bought a new position in Everi in the 3rd quarter worth $142,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EVRI shares. Stifel Nicolaus lowered their price target on Everi from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. StockNews.com downgraded Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 price objective (down from $18.00) on shares of Everi in a research report on Friday, March 1st. Truist Financial dropped their target price on shares of Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Finally, B. Riley began coverage on shares of Everi in a report on Friday, April 5th. They issued a “neutral” rating and a $12.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.60.

Read Our Latest Report on EVRI

Everi Stock Performance

Shares of NYSE EVRI opened at $7.54 on Wednesday. The firm has a market capitalization of $633.96 million, a price-to-earnings ratio of 11.60 and a beta of 2.15. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $16.08. The business has a fifty day simple moving average of $8.32 and a 200 day simple moving average of $9.78. The company has a current ratio of 1.05, a quick ratio of 0.96 and a debt-to-equity ratio of 4.18.

Everi (NYSE:EVRIGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). Everi had a net margin of 7.59% and a return on equity of 30.41%. The business had revenue of $189.30 million during the quarter, compared to analyst estimates of $188.82 million. During the same quarter in the prior year, the company posted $0.39 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. Sell-side analysts expect that Everi Holdings Inc. will post 0.72 EPS for the current year.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $8.17, for a total value of $245,100.00. Following the sale, the director now directly owns 91,572 shares in the company, valued at approximately $748,143.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Everi news, EVP Darren Simmons sold 45,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $8.07, for a total value of $363,150.00. Following the transaction, the executive vice president now directly owns 152,550 shares in the company, valued at $1,231,078.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Geoffrey P. Judge sold 30,000 shares of the company’s 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 directly owns 91,572 shares in the company, valued at $748,143.24. The disclosure for this sale can be found here. Insiders sold a total of 135,043 shares of company stock worth $1,073,022 over the last quarter. Company insiders own 6.40% of the company’s stock.

Everi Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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