Victory Capital Management Inc. Buys 80,615 Shares of Everi Holdings Inc. (NYSE:EVRI)

Victory Capital Management Inc. increased its stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 773.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,039 shares of the credit services provider's stock after acquiring an additional 80,615 shares during the period. Victory Capital Management Inc. owned about 0.11% of Everi worth $1,230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVRI. Jane Street Group LLC grew its position in Everi by 86.7% in the third 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 in the last quarter. Intech Investment Management LLC bought a new position in Everi in the third quarter valued at $232,000. Franklin Resources Inc. grew its position in Everi by 6.6% in the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock valued at $550,000 after purchasing an additional 2,564 shares in the last quarter. Geode Capital Management LLC grew its position in Everi by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider's stock valued at $24,450,000 after purchasing an additional 27,670 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after purchasing an additional 1,423 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Everi in a research report on Tuesday, March 18th. They issued a "hold" rating for the company. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $12.83.

Everi Stock Performance

Shares of EVRI traded up $0.01 during midday trading on Friday, reaching $13.68. The stock had a trading volume of 2,242,278 shares, compared to its average volume of 1,188,912. The firm has a 50 day simple moving average of $13.67 and a 200-day simple moving average of $13.45. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $13.83. The firm has a market cap of $1.18 billion, a PE ratio of 91.17 and a beta of 2.05. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insider Activity

In other news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction dated 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 transaction, the director now owns 84,240 shares of the company's stock, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.40% of the company's stock.

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.