Bank of America Corp DE Sells 66,366 Shares of Everi Holdings Inc. (NYSE:EVRI)

Bank of America Corp DE lessened its stake in Everi Holdings Inc. (NYSE:EVRI) by 27.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 171,093 shares of the credit services provider’s stock after selling 66,366 shares during the period. Bank of America Corp DE owned about 0.20% of Everi worth $2,311,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EVRI. Angelo Gordon & CO. L.P. acquired a new position in shares of Everi in the 4th quarter valued at about $4,728,000. AQR Arbitrage LLC lifted its stake in shares of Everi by 27.5% in the 4th quarter. AQR Arbitrage LLC now owns 1,880,202 shares of the credit services provider’s stock valued at $25,402,000 after purchasing an additional 405,831 shares during the period. One68 Global Capital LLC acquired a new position in shares of Everi in the 4th quarter valued at about $1,922,000. Schonfeld Strategic Advisors LLC lifted its stake in shares of Everi by 179.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 468,912 shares of the credit services provider’s stock valued at $6,335,000 after purchasing an additional 301,354 shares during the period. Finally, Paloma Partners Management Co lifted its stake in shares of Everi by 73.9% in the 4th quarter. Paloma Partners Management Co now owns 40,216 shares of the credit services provider’s stock valued at $543,000 after purchasing an additional 17,084 shares during the period. Institutional investors own 95.47% of the company’s stock.

Insiders Place Their Bets

In other Everi news, CAO Todd A. Valli sold 30,000 shares of Everi 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 sale, the chief accounting officer now owns 57,413 shares of the company’s stock, valued at approximately $789,428.75. The trade was a 34.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Geoffrey P. Judge sold 7,332 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the sale, the director now directly owns 84,240 shares of the company’s stock, valued at approximately $1,156,615.20. The trade was a 8.01% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Everi Trading Up 0.2%

NYSE:EVRI opened at $14.14 on Tuesday. The company has a market cap of $1.23 billion, a P/E ratio of 94.27 and a beta of 1.31. The stock’s fifty day moving average price is $13.86 and its two-hundred day moving average price is $13.68. Everi Holdings Inc. has a 1 year low of $7.21 and a 1 year high of $14.15. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Everi (NYSE:EVRI) last issued its quarterly earnings data on Monday, May 12th. The credit services provider reported $0.04 earnings per share (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 business had revenue of $181.30 million during the quarter, compared to analysts’ expectations of $193.22 million. As a group, analysts expect that Everi Holdings Inc. will post 0.25 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Everi from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Everi presently has a consensus rating of “Hold” and an average price target of $12.83.

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.