Villanova Investment Management Co LLC Has $1.79 Million Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Villanova Investment Management Co LLC lowered its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 24.2% in the fourth quarter, HoldingsChannel reports. The firm owned 132,753 shares of the credit services provider’s stock after selling 42,380 shares during the period. Everi makes up 1.6% of Villanova Investment Management Co LLC’s portfolio, making the stock its 28th largest position. Villanova Investment Management Co LLC’s holdings in Everi were worth $1,793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in shares of Everi by 3.2% in the fourth quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock valued at $337,000 after acquiring an additional 765 shares during the period. Stifel Financial Corp raised its stake in Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after acquiring an additional 1,423 shares in the last quarter. Vestcor Inc acquired a new stake in Everi in the fourth quarter valued at approximately $28,000. Franklin Resources Inc. increased its stake in shares of Everi by 6.6% in the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after buying an additional 2,564 shares during the period. Finally, Nordea Investment Management AB grew its stake 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 purchasing an additional 3,573 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Everi in a report on Wednesday, March 26th. They set a “buy” rating for the company. Four equities research 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 has an average rating of “Hold” and an average price target of $12.83.

Everi Stock Performance

EVRI stock opened at $13.68 on Tuesday. The business has a 50 day moving average of $13.68 and a 200-day moving average of $13.48. The firm has a market cap of $1.18 billion, a PE ratio of 91.17 and a beta of 2.05. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.83. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Transactions at Everi

In related 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 sale, the director now directly owns 84,240 shares in the company, valued at approximately $1,156,615.20. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.40% of the stock is currently owned by company insiders.

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.