Everi Holdings Inc (EVRI) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of Everi Holdings Inc (NYSE:EVRI) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,615,400 shares of the credit services provider’s stock after selling 182,100 shares during the period. Renaissance Technologies LLC’s holdings in Everi were worth $18,831,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd acquired a new stake in shares of Everi in the first quarter valued at $108,000. Teton Advisors Inc. acquired a new stake in shares of Everi in the second quarter valued at $108,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Everi by 107.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 34,800 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 18,000 shares in the last quarter. KBC Group NV acquired a new stake in shares of Everi in the second quarter valued at $442,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Everi by 8.6% in the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 125,400 shares of the credit services provider’s stock valued at $824,000 after acquiring an additional 9,900 shares in the last quarter. Institutional investors and hedge funds own 88.74% of the company’s stock.

Several analysts have recently issued reports on the company. Zacks Investment Research cut Everi from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. ValuEngine cut Everi from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Jefferies Financial Group increased their price objective on Everi from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. TheStreet upgraded Everi from a “d+” rating to a “c-” rating in a research note on Monday, August 6th. Finally, Stifel Nicolaus initiated coverage on Everi in a research note on Thursday, September 13th. They issued a “buy” rating and a $13.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Everi has a consensus rating of “Buy” and an average target price of $11.00.

In other Everi news, EVP Edward Adam Peters sold 66,251 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $9.06, for a total transaction of $600,234.06. Following the transaction, the executive vice president now owns 60,388 shares of the company’s stock, valued at $547,115.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Todd A. Valli sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $9.34, for a total value of $186,800.00. Following the transaction, the chief accounting officer now directly owns 21,708 shares in the company, valued at approximately $202,752.72. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.

Everi stock opened at $9.58 on Wednesday. Everi Holdings Inc has a 1-year low of $6.08 and a 1-year high of $9.82. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of -9.62.

Everi (NYSE:EVRI) last posted its quarterly earnings results on Tuesday, August 7th. The credit services provider reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.04). The business had revenue of $118.68 million during the quarter, compared to the consensus estimate of $110.17 million. sell-side analysts predict that Everi Holdings Inc will post 0.06 earnings per share for the current year.

Everi Company Profile

Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.

Further Reading: Diversification in Investing

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Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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