Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 32.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 12,985 shares of the credit services provider’s stock after selling 6,331 shares during the quarter. Mackenzie Financial Corp’s holdings in Everi were worth $146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Everi in the third quarter worth about $286,000. Exchange Traded Concepts LLC boosted its holdings in shares of Everi by 280.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 31,541 shares of the credit services provider’s stock valued at $417,000 after acquiring an additional 23,249 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Everi by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 542,725 shares of the credit services provider’s stock valued at $7,175,000 after acquiring an additional 2,472 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Everi by 87.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,257 shares of the credit services provider’s stock worth $849,000 after acquiring an additional 30,014 shares during the period. Finally, M&T Bank Corp raised its holdings in shares of Everi by 29.4% during the third quarter. M&T Bank Corp now owns 132,462 shares of the credit services provider’s stock worth $1,751,000 after purchasing an additional 30,083 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EVRI. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 price target (down from $18.00) on shares of Everi in a research report on Friday, March 1st. StockNews.com cut Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. B. Riley began coverage on Everi in a report on Friday, April 5th. They issued a “neutral” rating and a $12.00 price target for the company. Finally, Truist Financial dropped their price objective on shares of Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Everi currently has an average rating of “Hold” and a consensus target price of $15.20.

Everi Price Performance

Shares of Everi stock opened at $8.48 on Tuesday. The firm has a market cap of $710.03 million, a PE ratio of 9.42 and a beta of 2.05. The business has a 50-day moving average price of $9.57 and a 200 day moving average price of $10.44. 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 Holdings Inc. has a twelve month low of $8.21 and a twelve month high of $17.85.

Everi (NYSE:EVRI) last announced its earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). Everi had a net margin of 10.40% and a return on equity of 42.93%. The business had revenue of $192.00 million for the quarter, compared to analysts’ expectations of $200.99 million. During the same quarter last year, the business earned $0.28 EPS. The company’s quarterly revenue was down 6.5% on a year-over-year basis. Sell-side analysts predict that Everi Holdings Inc. will post 0.92 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.