Cornercap Investment Counsel Inc. Has $555,000 Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Cornercap Investment Counsel Inc. lowered its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 51.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,268 shares of the credit services provider's stock after selling 44,173 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Everi were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in EVRI. Signaturefd LLC grew its holdings in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 3,060 shares during the last quarter. CWM LLC grew its stake in Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock valued at $30,000 after buying an additional 1,897 shares during the last quarter. Huntington National Bank raised its holdings in Everi by 1,296.2% in the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider's stock worth $77,000 after acquiring an additional 5,470 shares during the period. Quarry LP lifted its position in Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock worth $86,000 after acquiring an additional 2,864 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in Everi during the 2nd quarter worth $104,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Insider Buying and Selling

In related news, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the sale, the director now directly owns 91,572 shares in the company, valued at $1,224,317.64. This represents a 14.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren Simmons sold 75,000 shares of the firm'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 $2,494,567.50. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EVRI. B. Riley lifted their price objective on Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a research note on Monday, August 5th. Stifel Nicolaus reissued a "hold" rating and issued a $14.25 price objective (up 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, StockNews.com initiated coverage on shares of Everi in a report on Sunday, November 10th. They issued a "hold" rating for the company. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $12.88.

Everi Stock Performance

Shares of NYSE EVRI traded down $0.05 during trading hours on Friday, reaching $13.37. The stock had a trading volume of 652,105 shares, compared to its average volume of 543,674. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.95. The business's fifty day moving average is $13.24 and its two-hundred day moving average is $10.91. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.45. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 28.45 and a beta of 2.13.

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.