Ajo LP bought a new stake in shares of Everi Holdings Inc. (NYSE:EVRI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 508,997 shares of the credit services provider’s stock, valued at approximately $3,705,000. Ajo LP owned 0.77% of Everi Holdings at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Alambic Investment Management L.P. raised its holdings in Everi Holdings by 13.8% during the 1st quarter. Alambic Investment Management L.P. now owns 76,683 shares of the credit services provider’s stock valued at $367,000 after acquiring an additional 9,300 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Everi Holdings by 9.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 168,564 shares of the credit services provider’s stock valued at $808,000 after acquiring an additional 14,364 shares during the period. Alliancebernstein L.P. bought a new stake in Everi Holdings during the 2nd quarter valued at $108,000. Crescent Grove Advisors LLC bought a new stake in Everi Holdings during the 2nd quarter valued at $109,000. Finally, Legal & General Group Plc bought a new stake in Everi Holdings during the 2nd quarter valued at $121,000. 85.46% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on EVRI. Stifel Nicolaus boosted their target price on shares of Everi Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub cut shares of Everi Holdings from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research cut shares of Everi Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, ValuEngine raised shares of Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $6.94.
Everi Holdings Inc. (NYSE EVRI) opened at 7.36 on Friday. The stock’s market capitalization is $491.54 million. Everi Holdings Inc. has a 52-week low of $1.21 and a 52-week high of $8.99. The stock’s 50 day moving average is $7.55 and its 200-day moving average is $6.44.
In other Everi Holdings news, insider Michael D. Rumbolz sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $6.90, for a total value of $103,500.00. Following the transaction, the insider now directly owns 121,742 shares in the company, valued at $840,019.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.
Everi Holdings Profile
Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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