King Luther Capital Management Corp Has $5.14 Million Stock Position in Everi Holdings Inc. (NYSE:EVRI)

King Luther Capital Management Corp boosted its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 41.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,796 shares of the credit services provider's stock after acquiring an additional 115,485 shares during the period. King Luther Capital Management Corp owned approximately 0.45% of Everi worth $5,135,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Everi by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider's stock valued at $74,522,000 after buying an additional 236,652 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Everi during the 1st quarter worth about $342,000. BOKF NA lifted its holdings in Everi by 352.7% during the 1st quarter. BOKF NA now owns 27,984 shares of the credit services provider's stock valued at $284,000 after purchasing an additional 21,802 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its position in Everi by 46.8% in the first quarter. Mount Yale Investment Advisors LLC now owns 16,844 shares of the credit services provider's stock valued at $169,000 after buying an additional 5,371 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its holdings in shares of Everi by 2.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider's stock worth $14,320,000 after buying an additional 30,780 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Raymond James restated a "market perform" rating on shares of Everi in a research report on Monday, July 29th. StockNews.com initiated coverage on Everi in a report on Monday. They issued a "hold" rating for the company. B. Riley increased their price objective on shares of Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a report on Monday, August 5th. Finally, Stifel Nicolaus reaffirmed a "hold" rating and issued a $14.25 target price (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $12.88.

Insider Activity at Everi

In other news, Director Geoffrey P. Judge sold 16,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the transaction, the director now directly owns 91,572 shares in the company, valued at approximately $1,224,317.64. The trade was a 14.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren Simmons sold 75,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the sale, the executive vice president now owns 190,425 shares in the company, 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. 6.40% of the stock is currently owned by company insiders.

Everi Trading Up 0.4 %

NYSE:EVRI traded up $0.05 on Friday, hitting $13.44. 742,003 shares of the stock were exchanged, compared to its average volume of 1,373,513. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.45. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 28.60 and a beta of 2.13. The company's 50-day moving average price is $13.26 and its 200 day moving average price is $11.02.

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.