Villanova Investment Management Co LLC Has $1.79 Million Stake in Everi Holdings Inc. (NYSE:EVRI)

Villanova Investment Management Co LLC reduced its stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,753 shares of the credit services provider's stock after selling 42,380 shares during the quarter. Everi accounts for 1.6% of Villanova Investment Management Co LLC's portfolio, making the stock its 28th largest position. Villanova Investment Management Co LLC owned about 0.15% of Everi worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Intech Investment Management LLC bought a new position in shares of Everi in the third quarter valued at approximately $232,000. Walleye Capital LLC bought a new position in Everi in the 3rd quarter valued at $255,000. Verition Fund Management LLC boosted its stake in Everi by 623.5% in the third quarter. Verition Fund Management LLC now owns 134,193 shares of the credit services provider's stock worth $1,763,000 after purchasing an additional 115,644 shares in the last quarter. Paloma Partners Management Co grew its holdings in shares of Everi by 96.0% during the third quarter. Paloma Partners Management Co now owns 23,132 shares of the credit services provider's stock worth $304,000 after purchasing an additional 11,328 shares during the last quarter. Finally, ClearAlpha Technologies LP acquired a new stake in shares of Everi in the third quarter valued at $1,827,000. 95.47% of the stock is owned by institutional investors.

Everi Trading Down 1.2 %

NYSE:EVRI traded down $0.17 during trading hours on Friday, hitting $13.49. 6,697,312 shares of the stock were exchanged, compared to its average volume of 1,231,903. The company has a market capitalization of $1.17 billion, a P/E ratio of 89.91 and a beta of 1.57. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The company's 50 day moving average is $13.68 and its two-hundred day moving average is $13.49. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.83.

Insider Activity

In related news, Director Geoffrey P. Judge sold 7,332 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction 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. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Everi from a "hold" rating to a "buy" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $12.83.

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.