Cornercap Investment Counsel Inc. Sells 44,173 Shares of Everi Holdings Inc. (NYSE:EVRI)

Cornercap Investment Counsel Inc. cut its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 51.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,268 shares of the credit services provider’s stock after selling 44,173 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Everi were worth $555,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC increased its stake in shares of Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 3,060 shares in the last quarter. CWM LLC increased its stake in Everi by 117.5% during the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 1,897 shares in the last quarter. Huntington National Bank boosted its holdings in Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after acquiring an additional 5,470 shares during the last quarter. Quarry LP boosted its holdings in Everi by 38.9% during the 2nd 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. Finally, Magnetar Financial LLC purchased a new position in shares of Everi in the 2nd quarter worth about $104,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EVRI shares. Raymond James reaffirmed a “market perform” rating on shares of Everi in a report on Monday, July 29th. StockNews.com began coverage on shares of Everi in a research report on Sunday, November 10th. They issued a “hold” rating on the stock. B. Riley upped their price objective on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $14.25 price objective (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.88.

Insiders Place Their Bets

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the sale, the director now owns 91,572 shares of the company’s stock, valued at $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the sale, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by insiders.

Everi Stock Down 0.4 %

EVRI stock opened at $13.37 on Friday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 28.45 and a beta of 2.13. The company’s 50 day moving average is $13.24 and its 200 day moving average is $10.89. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.45.

About Everi

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.