California Public Employees Retirement System Sells 15,708 Shares of Everi Holdings Inc (NYSE:EVRI)

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California Public Employees Retirement System lessened its holdings in Everi Holdings Inc (NYSE:EVRI) by 8.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,965 shares of the credit services provider’s stock after selling 15,708 shares during the period. California Public Employees Retirement System’s holdings in Everi were worth $1,893,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can boosted its position in Everi by 247.0% in the 1st quarter. Bank of Montreal Can now owns 3,241 shares of the credit services provider’s stock valued at $34,000 after buying an additional 2,307 shares during the period. Meeder Asset Management Inc. boosted its position in Everi by 170.0% in the 1st quarter. Meeder Asset Management Inc. now owns 3,545 shares of the credit services provider’s stock valued at $37,000 after buying an additional 2,232 shares during the period. Brinker Capital Inc. purchased a new position in Everi in the 4th quarter valued at approximately $52,000. HRT Financial LLC purchased a new stake in shares of Everi during the 4th quarter worth $58,000. Finally, LPL Financial LLC purchased a new stake in shares of Everi during the 4th quarter worth $60,000. 96.01% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on EVRI shares. Stifel Nicolaus set a $15.00 price objective on shares of Everi and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Zacks Investment Research raised shares of Everi from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Everi presently has a consensus rating of “Buy” and an average target price of $10.90.

Everi stock opened at $11.86 on Thursday. The firm has a market cap of $834.86 million, a PE ratio of 97.83, a PEG ratio of 1.91 and a beta of 1.56. Everi Holdings Inc has a 12-month low of $4.76 and a 12-month high of $12.24.

Everi (NYSE:EVRI) last released its quarterly earnings data on Tuesday, May 7th. The credit services provider reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The business had revenue of $123.78 million during the quarter, compared to analysts’ expectations of $120.92 million. Everi had a net margin of 2.82% and a negative return on equity of 7.83%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 EPS. As a group, research analysts anticipate that Everi Holdings Inc will post 0.31 earnings per share for the current year.

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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 FinTech. 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: Why is insider trading harmful?

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Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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