114,155 Shares in Everi Holdings Inc. (NYSE:EVRI) Bought by Olympiad Research LP

Olympiad Research LP acquired a new position in shares of Everi Holdings Inc. (NYSE:EVRI) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 114,155 shares of the credit services provider’s stock, valued at approximately $1,500,000. Everi comprises 1.0% of Olympiad Research LP’s investment portfolio, making the stock its 22nd biggest position. Olympiad Research LP owned 0.14% of Everi at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EVRI. Clearbridge Investments LLC lifted its stake in Everi by 85.3% during the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after purchasing an additional 1,282,682 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in Everi by 1,230.8% in the second quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock valued at $5,745,000 after buying an additional 632,544 shares during the last quarter. Long Pond Capital LP bought a new stake in Everi in the second quarter valued at $4,453,000. Private Capital Management LLC lifted its stake in Everi by 19.8% in the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after buying an additional 461,939 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Everi by 569.9% in the second quarter. Squarepoint Ops LLC now owns 417,266 shares of the credit services provider’s stock valued at $3,505,000 after buying an additional 354,979 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EVRI shares. Raymond James reiterated a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Stifel Nicolaus restated a “hold” rating and issued a $14.25 target price (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Truist Financial cut their target price on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. B. Riley increased their price target on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, StockNews.com assumed coverage on shares of Everi in a research note on Saturday, November 2nd. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Everi currently has an average rating of “Hold” and an average target price of $13.50.

Insider Buying and Selling

In other Everi news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the sale, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP David Lucchese sold 4,124 shares of Everi stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $12.99, for a total value of $53,570.76. Following the transaction, the executive vice president now directly owns 588,404 shares in the company, valued at $7,643,367.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the sale, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,417 shares of company stock valued at $1,713,281 over the last three months. Company insiders own 6.40% of the company’s stock.

Everi Price Performance

Shares of NYSE:EVRI opened at $13.37 on Thursday. The stock’s 50 day moving average price is $13.19 and its 200 day moving average price is $10.65. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.05 and a quick ratio of 0.95. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 28.45 and a beta of 2.13. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.44.

Everi (NYSE:EVRI) last posted its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The company had revenue of $191.19 million for the quarter, compared to the consensus estimate of $190.00 million. Equities research analysts anticipate that Everi Holdings Inc. will post 0.49 earnings per share for the current fiscal year.

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.