Shell Asset Management Co. lifted its holdings in Everi Holdings Inc. (NYSE:EVRI – Free Report) by 260.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,287 shares of the credit services provider’s stock after buying an additional 17,558 shares during the period. Shell Asset Management Co.’s holdings in Everi were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of EVRI. ArrowMark Colorado Holdings LLC purchased a new position in shares of Everi in the first quarter worth about $17,158,000. Marshall Wace LLP purchased a new position in shares of Everi in the second quarter worth about $12,563,000. BlackRock Inc. lifted its stake in shares of Everi by 9.4% in the second quarter. BlackRock Inc. now owns 6,977,955 shares of the credit services provider’s stock worth $100,901,000 after buying an additional 599,505 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Everi during the second quarter worth about $6,140,000. Finally, Assenagon Asset Management S.A. increased its position in Everi by 97.1% during the third quarter. Assenagon Asset Management S.A. now owns 801,124 shares of the credit services provider’s stock worth $10,591,000 after purchasing an additional 394,614 shares during the last quarter. 87.83% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. TheStreet cut shares of Everi from a “b-” rating to a “c+” rating in a research report on Wednesday, November 1st. Raymond James cut their price objective on shares of Everi from $20.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Thursday, November 9th. Finally, Truist Financial cut their price objective on shares of Everi from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $20.00.
Everi Price Performance
Shares of EVRI opened at $10.94 on Monday. Everi Holdings Inc. has a 1-year low of $9.90 and a 1-year high of $19.85. The stock has a market cap of $936.14 million, a PE ratio of 9.43 and a beta of 2.09. The firm has a 50-day simple moving average of $10.77 and a two-hundred day simple moving average of $12.07. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.10 and a quick ratio of 0.99.
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, Australia, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and Financial Technology Solutions.
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