Villanova Investment Management Co LLC Trims Stock Position in Everi Holdings Inc. (NYSE:EVRI)

Villanova Investment Management Co LLC reduced its stake in Everi Holdings Inc. (NYSE:EVRI) by 24.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 132,753 shares of the credit services provider’s stock after selling 42,380 shares during the quarter. Everi accounts for 1.6% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 28th biggest holding. Villanova Investment Management Co LLC owned about 0.15% of Everi worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of EVRI. Arizona State Retirement System raised its stake in shares of Everi by 3.2% during the 4th quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock worth $337,000 after buying an additional 765 shares in the last quarter. Stifel Financial Corp increased its position in Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after purchasing an additional 1,423 shares in the last quarter. Vestcor Inc purchased a new stake in Everi in the 4th quarter worth approximately $28,000. Franklin Resources Inc. lifted its position in Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after buying an additional 2,564 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Everi by 1.2% in the fourth quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock worth $3,995,000 after acquiring an additional 3,573 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Everi in a report on Wednesday, March 26th. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.83.

Insider Activity

In other news, Director Geoffrey P. Judge sold 7,332 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the sale, the director now owns 84,240 shares in the company, valued at $1,156,615.20. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.40% of the stock is owned by company insiders.

Everi Trading Up 0.6 %

NYSE:EVRI opened at $13.68 on Tuesday. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.83. The stock has a fifty day simple moving average of $13.68 and a 200 day simple moving average of $13.48. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 91.17 and a beta of 2.05.

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.