Everi Holdings Inc. (EVRI) Director Sells $486,000.00 in Stock
Everi Holdings Inc. (NYSE:EVRI) Director Geoffrey P. Judge sold 60,000 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $8.10, for a total transaction of $486,000.00. The sale was disclosed in a filing with the SEC, which is available through this link.
A number of institutional investors have recently added to or reduced their stakes in EVRI. Renaissance Technologies LLC grew its position in Everi Holdings by 91.9% in the second quarter. Renaissance Technologies LLC now owns 4,868,878 shares of the credit services provider’s stock valued at $35,445,000 after acquiring an additional 2,331,500 shares during the last quarter. Numeric Investors LLC grew its position in Everi Holdings by 639.8% in the second quarter. Numeric Investors LLC now owns 1,596,050 shares of the credit services provider’s stock valued at $11,619,000 after acquiring an additional 1,380,322 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Everi Holdings by 3,400.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,045,186 shares of the credit services provider’s stock valued at $7,609,000 after acquiring an additional 1,015,330 shares during the last quarter. Brookfield Asset Management Inc. bought a new position in Everi Holdings in the first quarter valued at about $4,790,000. Finally, Castleark Management LLC bought a new position in Everi Holdings in the second quarter valued at about $7,172,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.
A number of brokerages have commented on EVRI. BidaskClub raised shares of Everi Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research raised shares of Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus increased their price objective on shares of Everi Holdings from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $7.00.
Everi Holdings Company 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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