Engineers Gate Manager LP increased its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 364.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 94,961 shares of the credit services provider’s stock after purchasing an additional 74,504 shares during the quarter. Engineers Gate Manager LP owned 0.14% of Everi Holdings worth $691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EVRI. Parametric Portfolio Associates LLC bought a new position in shares of Everi Holdings during the 1st quarter valued at approximately $200,000. Hillsdale Investment Management Inc. bought a new position in shares of Everi Holdings during the 1st quarter valued at approximately $169,000. Oxford Asset Management increased its position in shares of Everi Holdings by 147.1% during the 1st quarter. Oxford Asset Management now owns 460,937 shares of the credit services provider’s stock valued at $2,208,000 after purchasing an additional 274,402 shares during the last quarter. Alambic Investment Management L.P. increased its position in shares of Everi Holdings by 13.8% during the 1st quarter. Alambic Investment Management L.P. now owns 76,683 shares of the credit services provider’s stock valued at $367,000 after purchasing an additional 9,300 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of Everi Holdings during the 1st quarter valued at approximately $160,000. 85.46% of the stock is currently owned by hedge funds and other institutional investors.

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Several research firms have recently weighed in on EVRI. BidaskClub downgraded Everi Holdings from a “buy” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus boosted their target price on Everi Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded Everi Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, ValuEngine raised Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $6.94.

Everi Holdings Inc. (EVRI) opened at 7.36 on Friday. The company’s market cap is $491.54 million. Everi Holdings Inc. has a 12 month low of $1.21 and a 12 month high of $8.99. The firm has a 50-day moving average price of $7.55 and a 200 day moving average price of $6.44.

In other news, insider Michael D. Rumbolz sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $6.90, for a total transaction of $103,500.00. Following the completion of the sale, the insider now directly owns 121,742 shares in the company, valued at $840,019.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is owned by company insiders.

Everi Holdings Company Profile

Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

Institutional Ownership by Quarter for Everi Holdings (NYSE:EVRI)

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