State of New Jersey Common Pension Fund D Purchases New Holdings in Everi Holdings Inc. (NYSE:EVRI)

State of New Jersey Common Pension Fund D purchased a new stake in shares of Everi Holdings Inc. (NYSE:EVRIGet Rating) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 113,378 shares of the credit services provider’s stock, valued at approximately $2,381,000. State of New Jersey Common Pension Fund D owned about 0.12% of Everi at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. LVW Advisors LLC increased its position in Everi by 4.2% in the first quarter. LVW Advisors LLC now owns 15,744 shares of the credit services provider’s stock worth $330,000 after buying an additional 628 shares during the last quarter. Jackson Creek Investment Advisors LLC increased its position in Everi by 2.1% in the first quarter. Jackson Creek Investment Advisors LLC now owns 42,529 shares of the credit services provider’s stock worth $893,000 after buying an additional 886 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in Everi by 15.9% in the first quarter. Thompson Siegel & Walmsley LLC now owns 8,142 shares of the credit services provider’s stock worth $171,000 after buying an additional 1,118 shares during the last quarter. Versor Investments LP boosted its holdings in shares of Everi by 21.6% in the fourth quarter. Versor Investments LP now owns 11,065 shares of the credit services provider’s stock worth $236,000 after acquiring an additional 1,967 shares during the period. Finally, Chartwell Investment Partners LLC boosted its holdings in shares of Everi by 4.4% in the first quarter. Chartwell Investment Partners LLC now owns 54,899 shares of the credit services provider’s stock worth $1,153,000 after acquiring an additional 2,299 shares during the period. 88.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 3,000 shares of Everi stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $19.00, for a total value of $57,000.00. Following the transaction, the director now owns 51,572 shares in the company, valued at $979,868. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Geoffrey P. Judge sold 1,424 shares of Everi stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $18.00, for a total value of $25,632.00. Following the transaction, the director now owns 51,572 shares in the company, valued at $928,296. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Geoffrey P. Judge sold 3,000 shares of Everi stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $19.00, for a total value of $57,000.00. Following the completion of the transaction, the director now owns 51,572 shares in the company, valued at approximately $979,868. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRI has been the subject of a number of analyst reports. Stifel Nicolaus cut their price target on Everi from $30.00 to $24.00 in a report on Monday. Truist Financial cut their price target on Everi from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. StockNews.com lowered Everi from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 19th. B. Riley dropped their price objective on Everi from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, June 28th. Finally, Roth Capital started coverage on Everi in a research note on Tuesday, April 5th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Everi has a consensus rating of “Buy” and an average price target of $29.75.

Everi Trading Up 2.1 %

Shares of EVRI stock opened at $19.71 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 4.60. The business has a 50-day moving average price of $17.39 and a two-hundred day moving average price of $19.10. Everi Holdings Inc. has a 12-month low of $15.05 and a 12-month high of $26.61. The firm has a market cap of $1.82 billion, a P/E ratio of 12.17 and a beta of 2.50.

Everi (NYSE:EVRIGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. Everi had a return on equity of 98.81% and a net margin of 23.52%. The firm had revenue of $175.60 million during the quarter, compared to analyst estimates of $169.38 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue was up 26.2% compared to the same quarter last year. Equities analysts anticipate that Everi Holdings Inc. will post 1.31 EPS for the current fiscal year.

About Everi

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Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.

Further Reading

Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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