Vanguard Group Inc. Has $65.63 Million Stock Position in Everi Holdings Inc. (NYSE:EVRI)

Vanguard Group Inc. boosted its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,857,966 shares of the credit services provider's stock after acquiring an additional 47,844 shares during the quarter. Vanguard Group Inc. owned approximately 5.63% of Everi worth $65,631,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EVRI. Jane Street Group LLC lifted its stake in shares of Everi by 86.7% in the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider's stock valued at $2,141,000 after purchasing an additional 75,655 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock worth $550,000 after acquiring an additional 2,564 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Everi by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider's stock valued at $24,450,000 after acquiring an additional 27,670 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Everi by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after acquiring an additional 1,423 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Everi by 14.8% in the 4th quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider's stock valued at $499,000 after acquiring an additional 4,772 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Everi from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $12.83.

Everi Stock Performance

Shares of NYSE:EVRI traded down $0.03 during midday trading on Wednesday, hitting $13.78. The company's stock had a trading volume of 212,816 shares, compared to its average volume of 1,274,476. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The stock's 50 day simple moving average is $13.66 and its 200 day simple moving average is $13.51. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 91.84 and a beta of 1.57. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.83.

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the sale, the director now directly owns 84,240 shares of the company's stock, valued at $1,156,615.20. This represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.40% of the stock is owned by corporate insiders.

About Everi

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.