Helikon Investments Ltd Invests $220,000 in Everi Holdings Inc. (NYSE:EVRI)

Helikon Investments Ltd bought a new position in Everi Holdings Inc. (NYSE:EVRI) in the 3rd quarter, HoldingsChannel reports. The fund bought 16,776 shares of the credit services provider’s stock, valued at approximately $220,000. Everi accounts for about 0.0% of Helikon Investments Ltd’s holdings, making the stock its 19th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of EVRI. Vanguard Group Inc. lifted its stake in shares of Everi by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock worth $74,522,000 after acquiring an additional 236,652 shares during the period. Private Capital Management LLC boosted its stake in Everi by 19.8% in the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock worth $28,051,000 after purchasing an additional 461,939 shares during the period. Clearbridge Investments LLC boosted its stake in Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after purchasing an additional 1,282,682 shares during the period. Silvercrest Asset Management Group LLC lifted its position in Everi by 2.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider’s stock worth $14,320,000 after buying an additional 30,780 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its holdings in shares of Everi by 1,230.8% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock valued at $5,745,000 after purchasing an additional 632,544 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EVRI shares. Truist Financial lowered their target price on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. B. Riley lifted their price target on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.25 target price (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Raymond James restated a “market perform” rating on shares of Everi in a report on Monday, July 29th. Finally, StockNews.com started coverage on shares of Everi in a report on Friday, October 25th. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.50.

Insiders Place Their Bets

In other news, EVP David Lucchese sold 4,124 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total value of $53,570.76. Following the sale, the executive vice president now directly owns 588,404 shares in the company, valued at approximately $7,643,367.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP David Lucchese sold 4,124 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total value of $53,570.76. Following the completion of the transaction, the executive vice president now owns 588,404 shares in the company, valued at $7,643,367.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren Simmons sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the transaction, the executive vice president now owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,417 shares of company stock worth $1,713,281 over the last ninety days. Corporate insiders own 6.40% of the company’s stock.

Everi Stock Performance

Shares of EVRI traded up $0.01 during trading hours on Thursday, hitting $13.34. The company had a trading volume of 259,790 shares, compared to its average volume of 1,435,198. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 20.52 and a beta of 2.15. The business has a fifty day moving average of $13.16 and a 200-day moving average of $10.50. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.40. 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 (NYSE:EVRI) last released its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Everi had a net margin of 5.42% and a return on equity of 17.86%. The business had revenue of $191.19 million for the quarter, compared to the consensus estimate of $190.00 million. Equities analysts anticipate that Everi Holdings Inc. will post 0.49 EPS for the current fiscal year.

Everi 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.