Everi Holdings Inc. (EVRI) Downgraded by Zacks Investment Research to Sell
Everi Holdings Inc. (NYSE:EVRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
According to Zacks, “Everi Holdings Inc. is a holding company which operates through subsidiaries, Global Cash Access, Inc. and Multimedia Games Holding Company, Inc. The Company’s segments include Games and Payments. Global Cash Access, Inc. provides integrated gaming payments solutions, video and mechanical reel gaming content and technology solutions, as well as compliance and software. Multimedia Games Holding Company, Inc., designs, manufactures and supplies gaming machines and systems. Everi Holdings Inc., formerly known as Global Cash Access Holdings, Inc., is headquartered in Las Vegas, United States. “
Shares of Everi Holdings (NYSE:EVRI) traded down 6.35% during trading on Monday, hitting $2.36. 152,807 shares of the stock were exchanged. The company’s market cap is $155.87 million. The firm has a 50 day moving average of $2.33 and a 200-day moving average of $1.88. Everi Holdings has a 12-month low of $1.13 and a 12-month high of $5.29.
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Everi Holdings (NYSE:EVRI) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.06. The company earned $214 million during the quarter, compared to analysts’ expectations of $206.92 million. Everi Holdings had a positive return on equity of 12.36% and a negative net margin of 14.01%. The business’s revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that Everi Holdings will post ($0.69) earnings per share for the current year.
In other Everi Holdings news, Director Eileen F. Raney bought 15,000 shares of Everi Holdings stock in a transaction dated Tuesday, August 16th. The stock was bought at an average cost of $2.15 per share, for a total transaction of $32,250.00. Following the purchase, the director now owns 36,000 shares in the company, valued at approximately $77,400. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.10% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in EVRI. Metropolitan Life Insurance Co. NY boosted its position in Everi Holdings by 2.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 47,651 shares of the company’s stock valued at $109,000 after buying an additional 1,126 shares during the period. 1st Global Advisors Inc. boosted its position in Everi Holdings by 7.1% in the second quarter. 1st Global Advisors Inc. now owns 94,498 shares of the company’s stock valued at $109,000 after buying an additional 6,240 shares during the period. LMR Partners LLP acquired a new position in Everi Holdings during the second quarter valued at approximately $130,000. Royal Bank of Canada boosted its position in Everi Holdings by 56.4% in the first quarter. Royal Bank of Canada now owns 65,617 shares of the company’s stock valued at $150,000 after buying an additional 23,669 shares during the period. Finally, American Financial Group Inc. boosted its position in Everi Holdings by 30.0% in the second quarter. American Financial Group Inc. now owns 131,286 shares of the company’s stock valued at $151,000 after buying an additional 30,329 shares during the period. Institutional investors own 72.67% of the company’s stock.
Everi Holdings Company Profile
Everi Holdings Inc, formerly Global Cash Access Holdings, Inc, is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc and Everi Payments Inc It provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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