Creative Planning Acquires 54,687 Shares of Everi Holdings Inc. (NYSE:EVRI)

Creative Planning lifted its stake in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 528.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,041 shares of the credit services provider's stock after acquiring an additional 54,687 shares during the quarter. Creative Planning owned approximately 0.08% of Everi worth $546,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC increased its position in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock worth $27,000 after buying an additional 3,060 shares during the last quarter. CWM LLC grew its position in shares of Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 1,897 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Everi in the second quarter valued at approximately $104,000. EntryPoint Capital LLC grew its position in shares of Everi by 30.9% in the first quarter. EntryPoint Capital LLC now owns 13,545 shares of the credit services provider's stock valued at $136,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Everi in the second quarter valued at approximately $118,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Everi Stock Up 0.2 %

NYSE:EVRI traded up $0.03 on Tuesday, hitting $13.26. The stock had a trading volume of 798,929 shares, compared to its average volume of 1,490,358. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. The stock has a market cap of $1.11 billion, a P/E ratio of 20.37 and a beta of 2.15. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $13.26. The firm's fifty day simple moving average is $13.07 and its two-hundred day simple moving average is $10.19.

Everi (NYSE:EVRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Everi had a net margin of 5.42% and a return on equity of 17.86%. The company had revenue of $191.19 million during the quarter, compared to analyst estimates of $190.00 million. Analysts predict that Everi Holdings Inc. will post 0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EVRI shares. Stifel Nicolaus reaffirmed a "hold" rating and issued a $14.25 target price (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Raymond James reaffirmed a "market perform" rating on shares of Everi in a research report on Monday, July 29th. StockNews.com started coverage on Everi in a research note on Wednesday, October 9th. They issued a "hold" rating for the company. B. Riley boosted their price target on Everi from $11.00 to $14.25 and gave the company a "neutral" rating in a research note on Monday, August 5th. Finally, Truist Financial cut their price target on Everi from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Thursday, July 18th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.50.

Insider Transactions at Everi

In related news, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP David Lucchese sold 4,124 shares of Everi stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total transaction of $53,570.76. Following the completion of the sale, the executive vice president now directly owns 588,404 shares of the company's stock, valued at approximately $7,643,367.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the sale, the executive vice president now directly owns 190,425 shares of the company's stock, valued at $2,494,567.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,417 shares of company stock worth $1,713,281 in the last quarter. Insiders own 6.40% of the company's stock.

About Everi

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.