Mutual of America Capital Management LLC Sells 12,267 Shares of Everi Holdings Inc. (NYSE:EVRI)

Mutual of America Capital Management LLC lowered its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,461 shares of the credit services provider’s stock after selling 12,267 shares during the period. Mutual of America Capital Management LLC owned approximately 0.31% of Everi worth $3,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Capital Advisors Group LLC. bought a new position in shares of Everi during the 2nd quarter valued at about $29,000. Comerica Bank bought a new position in shares of Everi during the 3rd quarter valued at about $34,000. Federated Hermes Inc. lifted its holdings in shares of Everi by 42.9% during the 3rd quarter. Federated Hermes Inc. now owns 2,350 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 706 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Everi by 37.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,167 shares of the credit services provider’s stock valued at $60,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Point72 Middle East FZE bought a new position in shares of Everi during the 4th quarter valued at about $60,000. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

EVRI has been the topic of a number of recent research reports. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 target price (down previously from $18.00) on shares of Everi in a research report on Friday, March 1st. B. Riley initiated coverage on Everi in a research report on Friday, April 5th. They issued a “neutral” rating and a $12.00 target price on the stock. Truist Financial reissued a “hold” rating and issued a $13.00 target price (down previously from $14.00) on shares of Everi in a research report on Friday, March 1st. Finally, StockNews.com lowered Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.60.

Everi Stock Up 1.0 %

NYSE:EVRI opened at $8.85 on Friday. The firm has a market capitalization of $741.45 million, a price-to-earnings ratio of 9.83 and a beta of 2.05. Everi Holdings Inc. has a twelve month low of $8.67 and a twelve month high of $17.85. The stock’s 50 day moving average price is $9.90 and its two-hundred day moving average price is $10.67. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 4.28.

Everi (NYSE:EVRI) last posted its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.19). The company had revenue of $192.00 million for the quarter, compared to analyst estimates of $200.99 million. Everi had a return on equity of 42.93% and a net margin of 10.40%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Equities research analysts expect that Everi Holdings Inc. will post 0.99 earnings per share for the current fiscal year.

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.