Kennedy Investment Group Sells 54,850 Shares of Everi Holdings Inc. (NYSE:EVRI)

Kennedy Investment Group reduced its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 78.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,700 shares of the credit services provider's stock after selling 54,850 shares during the quarter. Kennedy Investment Group's holdings in Everi were worth $193,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its holdings in Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock valued at $27,000 after acquiring an additional 3,060 shares during the period. CWM LLC increased its stake in shares of Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock worth $30,000 after purchasing an additional 1,897 shares during the period. Quarry LP lifted its holdings 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 purchasing an additional 2,864 shares during the last quarter. Magnetar Financial LLC bought a new stake in Everi in the 2nd quarter valued at $104,000. Finally, Meeder Asset Management Inc. bought a new stake in Everi in the 2nd quarter valued at $118,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Everi

In related news, CFO Mark F. Labay sold 10,645 shares of the business's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $137,852.75. Following the sale, 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 legal filing with the SEC, which is available at this hyperlink. In other Everi news, CFO Mark F. Labay sold 10,645 shares of the business's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $137,852.75. Following the sale, the chief financial officer now directly owns 192,426 shares of the company's stock, valued at $2,491,916.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $982,500.00. Following 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. Over the last ninety days, insiders sold 131,417 shares of company stock worth $1,713,281. Corporate insiders own 6.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com began coverage on shares of Everi in a report on Thursday. They issued a "hold" rating for the company. Raymond James reissued a "market perform" rating on shares of Everi in a research report on Monday, July 29th. Truist Financial dropped their price objective on Everi from $11.00 to $10.00 and set a "hold" rating for the company in a report on Thursday, July 18th. Stifel Nicolaus reissued a "hold" rating and set a $14.25 target price (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. Finally, 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 research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $13.50.

Everi Price Performance

Everi stock traded up $0.02 during midday trading on Monday, reaching $13.31. The company's stock had a trading volume of 730,699 shares, compared to its average volume of 1,472,993. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 3.94. The stock has a market cap of $1.12 billion, a PE ratio of 20.45 and a beta of 2.15. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.39. The business has a 50-day moving average price of $13.10 and a 200-day moving average price of $10.28.

Everi (NYSE:EVRI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $191.19 million for the quarter, compared to analyst estimates of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. On average, sell-side analysts predict that Everi Holdings Inc. will post 0.49 EPS for the current 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.