GAM Holding AG Takes Position in Everi Holdings Inc. (NYSE:EVRI)

GAM Holding AG acquired a new stake in shares of Everi Holdings Inc. (NYSE:EVRI) during the 3rd quarter, HoldingsChannel reports. The fund acquired 15,000 shares of the credit services provider’s stock, valued at approximately $197,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Signaturefd LLC boosted its stake in Everi by 2,428.6% during the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 3,060 shares during the last quarter. CWM LLC lifted its stake in shares of Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after buying an additional 1,897 shares in the last quarter. Quarry LP boosted its position in Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after acquiring an additional 2,864 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Everi during the 2nd quarter valued at about $104,000. Finally, EntryPoint Capital LLC raised its holdings in Everi by 30.9% in the 1st quarter. EntryPoint Capital LLC now owns 13,545 shares of the credit services provider’s stock valued at $136,000 after acquiring an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Everi Stock Performance

Shares of Everi stock opened at $13.33 on Thursday. The firm has a market cap of $1.12 billion, a PE ratio of 20.51 and a beta of 2.15. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.39. The business’s fifty day simple moving average is $13.12 and its 200-day simple moving average is $10.36.

Everi (NYSE:EVRI) last posted its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Everi had a net margin of 5.42% and a return on equity of 17.86%. The company had revenue of $191.19 million for the quarter, compared to analysts’ expectations of $190.00 million. Equities analysts forecast that Everi Holdings Inc. will post 0.49 earnings per share for the current year.

Insider Transactions at Everi

In related news, CEO Randy L. Taylor sold 29,222 shares of Everi stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $378,424.90. Following the completion of the sale, the chief executive officer now owns 794,822 shares in the company, valued at approximately $10,292,944.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $155,736.70. Following the sale, the executive vice president now owns 68,477 shares of the company’s stock, valued at approximately $886,777.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Randy L. Taylor sold 29,222 shares of Everi stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $378,424.90. Following the completion of the transaction, the chief executive officer now owns 794,822 shares of the company’s stock, valued at $10,292,944.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,417 shares of company stock worth $1,713,281. 6.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EVRI has been the topic of several recent research reports. Stifel Nicolaus restated a “hold” rating and set a $14.25 target price (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. Truist Financial dropped their target price on Everi from $11.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, July 18th. B. Riley raised their target price on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research note on Monday, August 5th. StockNews.com started coverage on shares of Everi in a research report on Thursday, October 17th. They set a “hold” rating on the stock. Finally, Raymond James restated a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.50.

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.