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

Olympiad Research LP bought a new position in Everi Holdings Inc. (NYSE:EVRI - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 114,155 shares of the credit services provider's stock, valued at approximately $1,500,000. Everi accounts for 1.0% of Olympiad Research LP's holdings, making the stock its 22nd biggest holding. Olympiad Research LP owned 0.14% of Everi at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVRI. Helikon Investments Ltd bought a new position in shares of Everi during the third quarter valued at approximately $220,000. GAM Holding AG purchased a new stake in Everi during the third quarter worth $197,000. Creative Planning boosted its position in Everi by 11.9% during the 3rd quarter. Creative Planning now owns 72,769 shares of the credit services provider's stock valued at $956,000 after acquiring an additional 7,728 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Everi in the 3rd quarter valued at $422,000. Finally, Clearbridge Investments LLC raised its position in shares of Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider's stock worth $23,400,000 after acquiring an additional 1,282,682 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Everi Stock Performance

Shares of Everi stock remained flat at $13.37 during trading on Thursday. 503,050 shares of the company traded hands, compared to its average volume of 1,418,816. The company has a market cap of $1.15 billion, a PE ratio of 28.45 and a beta of 2.13. The firm's 50-day simple moving average is $13.19 and its 200-day simple moving average is $10.65. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.45. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94.

Everi (NYSE:EVRI - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The business had revenue of $191.19 million during the quarter, compared to analyst estimates of $190.00 million. On average, equities analysts anticipate that Everi Holdings Inc. will post 0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com assumed coverage on shares of Everi in a research report on Saturday, November 2nd. They set a "hold" rating for the company. Truist Financial reduced their price target on Everi from $11.00 to $10.00 and set a "hold" rating on the stock in a research report on Thursday, July 18th. Stifel Nicolaus reissued a "hold" rating and issued a $14.25 price objective (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Raymond James reaffirmed a "market perform" rating on shares of Everi in a research report on Monday, July 29th. Finally, B. Riley raised their price target on Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi presently has an average rating of "Hold" and an average price target 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 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. In related news, CFO Mark F. Labay sold 10,645 shares of Everi stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $137,852.75. Following the completion of the transaction, the chief financial officer now owns 192,426 shares in the company, valued at $2,491,916.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren Simmons sold 75,000 shares of the company's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the transaction, the executive vice president now directly owns 190,425 shares of the company's stock, valued at $2,494,567.50. The trade was a 0.00 % decrease in their position. 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 ninety days. Company insiders own 6.40% of the company's stock.

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.