Pinnacle Associates Ltd. decreased its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 26.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,250 shares of the credit services provider’s stock after selling 17,000 shares during the quarter. Pinnacle Associates Ltd. owned 0.07% of Everi Holdings worth $351,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oxford Asset Management grew its stake 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 worth $2,208,000 after purchasing an additional 274,402 shares during the period. Brookfield Asset Management Inc. acquired a new stake in shares of Everi Holdings during the 1st quarter worth approximately $4,790,000. Two Sigma Securities LLC acquired a new stake in shares of Everi Holdings during the 1st quarter worth approximately $233,000. Wedge Capital Management L L P NC acquired a new stake in shares of Everi Holdings during the 2nd quarter worth approximately $331,000. Finally, Renaissance Technologies LLC grew its stake in shares of Everi Holdings by 75.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,537,378 shares of the credit services provider’s stock worth $12,154,000 after purchasing an additional 1,094,078 shares during the period. 85.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of Everi Holdings Inc. (EVRI) opened at 7.53 on Friday. The firm’s market cap is $502.89 million. The company has a 50-day moving average of $7.62 and a 200-day moving average of $6.30. Everi Holdings Inc. has a 1-year low of $1.21 and a 1-year high of $8.99.
A number of equities research analysts have recently commented on EVRI shares. Zacks Investment Research cut shares of Everi Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $9.00 price objective (up previously from $7.50) on shares of Everi Holdings in a research note on Monday, June 12th. ValuEngine raised shares of Everi Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Everi Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $6.94.
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.
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