Victory Capital Management Inc. Acquires 9,270 Shares of Everi Holdings Inc. (NYSE:EVRI)

Victory Capital Management Inc. grew its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 27.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 42,816 shares of the credit services provider’s stock after purchasing an additional 9,270 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of Everi worth $360,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EVRI. Vanguard Group Inc. boosted its holdings in Everi by 3.3% in the first quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock worth $74,522,000 after acquiring an additional 236,652 shares in the last quarter. Private Capital Management LLC grew its position in Everi by 19.8% during the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after purchasing an additional 461,939 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Everi by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock valued at $20,841,000 after purchasing an additional 745,022 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Everi by 2.2% in the first quarter. Clearbridge Investments LLC now owns 1,503,071 shares of the credit services provider’s stock worth $15,106,000 after buying an additional 31,684 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its stake in shares of Everi by 2.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider’s stock worth $14,320,000 after buying an additional 30,780 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Everi Trading Down 0.1 %

Everi stock opened at $13.13 on Tuesday. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $13.87. The company has a market cap of $1.10 billion, a P/E ratio of 20.20 and a beta of 2.15. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. The business has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $9.78.

Everi (NYSE:EVRI) last announced its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $191.19 million during the quarter, compared to analysts’ expectations of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. Analysts predict that Everi Holdings Inc. will post 0.49 EPS for the current year.

Insider Buying and Selling

In other Everi news, CFO Mark F. Labay sold 10,645 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $137,852.75. Following the completion of the sale, the chief financial officer now owns 192,426 shares of the company’s stock, valued at $2,491,916.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the transaction, the executive vice president now owns 190,425 shares in the company, valued at approximately $2,494,567.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark F. Labay sold 10,645 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $137,852.75. Following the completion of the transaction, the chief financial officer now directly owns 192,426 shares of the company’s stock, valued at approximately $2,491,916.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,417 shares of company stock valued at $1,713,281. 6.40% of the stock is owned by company insiders.

Everi Company 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.