Clearbridge Investments LLC Purchases 124,328 Shares of Everi Holdings Inc. (NYSE:EVRI)

Clearbridge Investments LLC boosted its position in Everi Holdings Inc. (NYSE:EVRIGet Rating) by 19.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 748,843 shares of the credit services provider’s stock after acquiring an additional 124,328 shares during the period. Clearbridge Investments LLC owned 0.83% of Everi worth $12,214,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EVRI. West Branch Capital LLC bought a new stake in Everi in the 2nd quarter worth $44,000. Meeder Asset Management Inc. purchased a new stake in shares of Everi in the 2nd quarter worth about $65,000. Lazard Asset Management LLC lifted its position in shares of Everi by 7,296.6% in the 1st quarter. Lazard Asset Management LLC now owns 4,364 shares of the credit services provider’s stock worth $91,000 after purchasing an additional 4,305 shares during the period. Dakota Wealth Management purchased a new stake in shares of Everi in the 2nd quarter worth about $186,000. Finally, M&T Bank Corp lifted its position in shares of Everi by 11.2% in the 2nd quarter. M&T Bank Corp now owns 11,849 shares of the credit services provider’s stock worth $192,000 after purchasing an additional 1,195 shares during the period. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Everi from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 11th. Stifel Nicolaus decreased their target price on shares of Everi from $30.00 to $24.00 in a report on Monday, August 1st. Finally, Raymond James lifted their target price on shares of Everi from $23.00 to $26.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 4th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $28.75.

Everi Stock Down 2.7 %

Shares of Everi stock opened at $16.21 on Friday. The company has a 50-day simple moving average of $17.40 and a two-hundred day simple moving average of $17.75. Everi Holdings Inc. has a 52-week low of $15.05 and a 52-week high of $24.23. The stock has a market capitalization of $1.45 billion, a PE ratio of 8.91 and a beta of 2.41. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.10 and a current ratio of 1.22.

Everi Company Profile

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Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.

See Also

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Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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