ProShare Advisors LLC reduced its position in Everi Holdings Inc. (NYSE:EVRI – Get Rating) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,027 shares of the credit services provider's stock after selling 2,639 shares during the period. ProShare Advisors LLC's holdings in Everi were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. AGF Investments Inc. raised its position in Everi by 92.6% during the first quarter. AGF Investments Inc. now owns 520,000 shares of the credit services provider's stock worth $10,920,000 after acquiring an additional 250,000 shares during the period. Cornercap Investment Counsel Inc. raised its position in Everi by 7.0% during the first quarter. Cornercap Investment Counsel Inc. now owns 55,308 shares of the credit services provider's stock worth $1,161,000 after acquiring an additional 3,603 shares during the period. Fiera Capital Corp raised its position in Everi by 10.1% during the first quarter. Fiera Capital Corp now owns 185,000 shares of the credit services provider's stock worth $3,885,000 after acquiring an additional 17,000 shares during the period. Principal Financial Group Inc. raised its position in Everi by 15.9% during the first quarter. Principal Financial Group Inc. now owns 86,997 shares of the credit services provider's stock worth $1,827,000 after acquiring an additional 11,924 shares during the period. Finally, Swiss National Bank raised its position in Everi by 8.5% during the first quarter. Swiss National Bank now owns 215,200 shares of the credit services provider's stock worth $4,519,000 after acquiring an additional 16,900 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 1,424 shares of the company's stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $18.00, for a total value of $25,632.00. Following the completion of the sale, the director now owns 51,572 shares of the company's stock, valued at $928,296. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Everi news, Director Geoffrey P. Judge sold 1,424 shares of the company's stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $18.00, for a total value of $25,632.00. Following the transaction, the director now owns 51,572 shares of the company's stock, valued at $928,296. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael D. Rumbolz sold 19,424 shares of the company's stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $21.00, for a total transaction of $407,904.00. Following the completion of the transaction, the chairman now directly owns 981,899 shares in the company, valued at approximately $20,619,879. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,848 shares of company stock valued at $613,536. 4.60% of the stock is owned by company insiders.

Everi Trading Down 0.7 %

Everi (NYSE:EVRI – Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The credit services provider reported $0.33 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.33. Everi had a net margin of 21.84% and a return on equity of 73.32%. The firm had revenue of $197.22 million during the quarter, compared to analyst estimates of $182.21 million. Sell-side analysts forecast that Everi Holdings Inc. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EVRI shares. StockNews.com upgraded shares of Everi from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 29th. Truist Financial reduced their price objective on shares of Everi from $32.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, July 20th. B. Riley dropped their target price on shares of Everi from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, June 28th. Raymond James upped their target price on shares of Everi from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 4th. Finally, Stifel Nicolaus dropped their target price on shares of Everi from $30.00 to $24.00 in a report on Monday, August 1st. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $28.75.

Everi Profile

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Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.

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