Zacks Investment Research Downgrades Everi Holdings Inc. (EVRI) to Sell
Everi Holdings Inc. (NYSE:EVRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued 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% on Monday, hitting $2.36. 152,807 shares of the company’s stock were exchanged. Everi Holdings has a 12-month low of $1.13 and a 12-month high of $5.29. The stock’s market cap is $155.87 million. The company’s 50-day moving average price is $2.33 and its 200 day moving average price is $1.88.
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Everi Holdings (NYSE:EVRI) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.06. Everi Holdings had a positive return on equity of 12.36% and a negative net margin of 14.01%. The business had revenue of $214 million for the quarter, compared to analysts’ expectations of $206.92 million. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that Everi Holdings will post ($0.69) earnings per share for the current fiscal year.
In other news, Director Eileen F. Raney bought 15,000 shares of Everi Holdings stock in a transaction dated Tuesday, August 16th. The shares were acquired at an average cost of $2.15 per share, with a total value of $32,250.00. Following the completion of the transaction, the director now owns 36,000 shares in the company, valued at approximately $77,400. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sabal Capital Management LLC purchased a new position in Everi Holdings during the fourth quarter worth approximately $1,752,000. Emerald Advisers Inc. PA boosted its position in Everi Holdings by 30.1% in the fourth quarter. Emerald Advisers Inc. PA now owns 242,363 shares of the company’s stock worth $1,064,000 after buying an additional 56,123 shares during the last quarter. 1st Global Advisors Inc. boosted its position in Everi Holdings by 30.6% in the fourth quarter. 1st Global Advisors Inc. now owns 61,952 shares of the company’s stock worth $272,000 after buying an additional 14,515 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Everi Holdings by 31.9% in the fourth quarter. Eagle Asset Management Inc. now owns 5,547,017 shares of the company’s stock worth $24,351,000 after buying an additional 1,341,264 shares during the last quarter. Finally, 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 worth $150,000 after buying an additional 23,669 shares during the last quarter. 72.67% of the stock is currently owned by institutional investors and hedge funds.
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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