GAM Holding AG Takes $197,000 Position in Everi Holdings Inc. (NYSE:EVRI)

GAM Holding AG acquired a new position in Everi Holdings Inc. (NYSE:EVRI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the credit services provider’s stock, valued at approximately $197,000.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position 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 during the period. Insight Folios Inc raised its stake in Everi by 19.8% in the first quarter. Insight Folios Inc now owns 18,996 shares of the credit services provider’s stock worth $191,000 after buying an additional 3,145 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Everi by 44.5% in the first quarter. Janney Montgomery Scott LLC now owns 48,014 shares of the credit services provider’s stock worth $483,000 after buying an additional 14,783 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Everi during the first quarter worth $1,168,000. Finally, Sei Investments Co. boosted its position in Everi by 13.7% during the 1st quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock valued at $5,495,000 after acquiring an additional 66,033 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.25 price objective (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Truist Financial lowered their price target on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. StockNews.com assumed coverage on shares of Everi in a research note on Thursday, October 17th. They set a “hold” rating for the company. Raymond James restated a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Finally, B. Riley upped their price target on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Everi has a consensus rating of “Hold” and a consensus target price of $13.50.

Insider Activity

In other Everi news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were 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 of the company’s stock, valued at approximately $2,494,567.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Everi news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction that occurred 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 owns 190,425 shares in the company, valued at approximately $2,494,567.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $155,736.70. Following the completion of the transaction, the executive vice president now owns 68,477 shares of the company’s stock, valued at approximately $886,777.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,417 shares of company stock valued at $1,713,281 in the last ninety days. Insiders own 6.40% of the company’s stock.

Everi Price Performance

Shares of EVRI opened at $13.33 on Thursday. 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 company’s fifty day moving average price is $13.12 and its 200-day moving average price is $10.36. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.39. The firm has a market capitalization of $1.12 billion, a PE ratio of 20.51 and a beta of 2.15.

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

Everi 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.