RIA Advisory Group LLC Invests $399,000 in Everi Holdings Inc. (NYSE:EVRI)

RIA Advisory Group LLC purchased a new position in Everi Holdings Inc. (NYSE:EVRI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,172 shares of the credit services provider’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Everi by 18.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,940 shares of the credit services provider’s stock valued at $856,000 after purchasing an additional 11,683 shares during the last quarter. Cornercap Investment Counsel Inc. increased its stake in Everi by 16.3% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 89,602 shares of the credit services provider’s stock valued at $1,010,000 after purchasing an additional 12,577 shares during the last quarter. Equitable Trust Co. increased its stake in Everi by 98.7% during the fourth quarter. Equitable Trust Co. now owns 83,464 shares of the credit services provider’s stock valued at $941,000 after purchasing an additional 41,450 shares during the last quarter. Oak Thistle LLC bought a new stake in Everi during the fourth quarter valued at $124,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Everi by 10.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 469,203 shares of the credit services provider’s stock valued at $5,288,000 after purchasing an additional 43,625 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Everi Price Performance

NYSE EVRI traded down $0.01 on Friday, reaching $8.83. The company’s stock had a trading volume of 619,514 shares, compared to its average volume of 1,075,657. Everi Holdings Inc. has a twelve month low of $8.67 and a twelve month high of $17.85. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 1.05. The stock has a market cap of $739.78 million, a PE ratio of 9.80 and a beta of 2.05. The firm’s 50 day moving average is $9.90 and its two-hundred day moving average is $10.67.

Everi (NYSE:EVRI) last posted its quarterly earnings data on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) 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%. Everi’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, sell-side analysts predict that Everi Holdings Inc. will post 0.97 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EVRI shares. Truist Financial reissued a “hold” rating and set a $13.00 price target (down previously from $14.00) on shares of Everi in a report on Friday, March 1st. B. Riley started coverage on shares of Everi in a report on Friday, April 5th. They set a “neutral” rating and a $12.00 price target for the company. StockNews.com downgraded shares of Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Jefferies Financial Group reissued a “hold” rating and set a $13.00 price target (down previously from $18.00) on shares of Everi in a report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.60.

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.