Gotham Asset Management LLC Has $312,000 Stake in Everi Holdings Inc. (NYSE:EVRI)

Gotham Asset Management LLC decreased its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 8.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,112 shares of the credit services provider’s stock after selling 2,226 shares during the period. Gotham Asset Management LLC’s holdings in Everi were worth $312,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vestcor Inc acquired a new stake in Everi in the 4th quarter valued at approximately $28,000. AlphaQuest LLC grew its holdings in Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after buying an additional 4,671 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Everi in the 4th quarter valued at approximately $143,000. Proficio Capital Partners LLC acquired a new stake in Everi in the 4th quarter valued at approximately $151,000. Finally, Trans Canada Capital Inc. acquired a new stake in Everi in the 4th quarter valued at approximately $253,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Everi from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Everi presently has a consensus rating of “Hold” and a consensus target price of $12.83.

Insider Transactions at Everi

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the sale, the director now owns 84,240 shares in the company, valued at $1,156,615.20. This represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Todd A. Valli sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $13.75, for a total value of $412,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at $789,428.75. The trade was a 34.32% decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by insiders.

Everi Stock Up 0.2%

Shares of Everi stock opened at $14.10 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $14.11. The business has a fifty day simple moving average of $13.77 and a 200 day simple moving average of $13.63. The stock has a market cap of $1.22 billion, a PE ratio of 94.01 and a beta of 1.31.

Everi (NYSE:EVRI) last announced its quarterly earnings data on Monday, May 12th. The credit services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Everi had a return on equity of 5.47% and a net margin of 1.72%. The company had revenue of $181.30 million for the quarter, compared to analyst estimates of $193.22 million. Research analysts predict that Everi Holdings Inc. will post 0.25 EPS for the current 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.