Lazard Asset Management LLC Purchases 3,936 Shares of Everi Holdings Inc. (NYSE:EVRI)

Lazard Asset Management LLC grew its position in Everi Holdings Inc. (NYSE:EVRIGet Rating) by 90.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,300 shares of the credit services provider’s stock after acquiring an additional 3,936 shares during the period. Lazard Asset Management LLC’s holdings in Everi were worth $135,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. M&T Bank Corp lifted its stake in shares of Everi by 7.2% in the 1st quarter. M&T Bank Corp now owns 10,654 shares of the credit services provider’s stock valued at $224,000 after acquiring an additional 713 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Everi by 3.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 33,570 shares of the credit services provider’s stock valued at $548,000 after acquiring an additional 1,100 shares during the last quarter. Mount Yale Investment Advisors LLC increased its holdings in Everi by 11.0% in the first quarter. Mount Yale Investment Advisors LLC now owns 11,489 shares of the credit services provider’s stock valued at $241,000 after purchasing an additional 1,140 shares during the period. New York State Common Retirement Fund increased its holdings in Everi by 1.9% in the first quarter. New York State Common Retirement Fund now owns 61,332 shares of the credit services provider’s stock valued at $1,288,000 after purchasing an additional 1,156 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in Everi by 7.8% in the first quarter. Teacher Retirement System of Texas now owns 18,776 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 1,355 shares during the period. 89.08% of the stock is currently owned by institutional investors.

Everi Stock Performance

Shares of Everi stock opened at $16.83 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.10 and a debt-to-equity ratio of 4.45. The business has a 50-day moving average price of $17.48 and a two-hundred day moving average price of $17.77. Everi Holdings Inc. has a 1-year low of $15.05 and a 1-year high of $24.23. The company has a market cap of $1.51 billion, a P/E ratio of 9.25 and a beta of 2.41.

Analyst Ratings Changes

A number of analysts recently weighed in on EVRI shares. Stifel Nicolaus decreased their price objective on Everi from $30.00 to $24.00 in a report on Monday, August 1st. StockNews.com downgraded Everi from a “strong-buy” rating to a “buy” rating in a report on Friday, November 11th. Finally, Raymond James increased their price objective on Everi from $23.00 to $26.00 and gave the company a “strong-buy” rating in a report on Thursday, August 4th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Everi currently has an average rating of “Buy” and a consensus target price of $28.75.

Everi Profile

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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.

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Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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