Sound Point Capital Management LP reduced its stake in Everi Holdings Inc. (NYSE:EVRI) by 26.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,661,127 shares of the credit services provider’s stock after selling 582,555 shares during the period. Everi Holdings comprises 2.5% of Sound Point Capital Management LP’s investment portfolio, making the stock its 9th largest position. Sound Point Capital Management LP owned 2.49% of Everi Holdings worth $12,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in Everi Holdings by 91.9% in the 2nd quarter. Renaissance Technologies LLC now owns 4,868,878 shares of the credit services provider’s stock worth $35,445,000 after purchasing an additional 2,331,500 shares during the period. Dimensional Fund Advisors LP increased its stake in Everi Holdings by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,965,918 shares of the credit services provider’s stock worth $28,872,000 after purchasing an additional 318,508 shares during the period. Eagle Asset Management Inc. increased its stake in Everi Holdings by 6.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 3,159,785 shares of the credit services provider’s stock worth $23,003,000 after purchasing an additional 201,951 shares during the period. Vanguard Group Inc. increased its stake in Everi Holdings by 16.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,069,761 shares of the credit services provider’s stock worth $22,348,000 after purchasing an additional 429,551 shares during the period. Finally, Numeric Investors LLC increased its stake in Everi Holdings by 639.8% in the 2nd quarter. Numeric Investors LLC now owns 1,596,050 shares of the credit services provider’s stock worth $11,619,000 after purchasing an additional 1,380,322 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of Everi Holdings Inc. (EVRI) traded down 2.91% during midday trading on Friday, hitting $8.02. The stock had a trading volume of 581,831 shares. The company’s 50 day moving average is $7.63 and its 200 day moving average is $7.01. The company’s market cap is $535.62 million. Everi Holdings Inc. has a 52-week low of $1.21 and a 52-week high of $8.99.

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A number of equities analysts have commented on the company. BidaskClub raised Everi Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Zacks Investment Research upgraded Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Stifel Nicolaus lifted their price objective on Everi Holdings from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Everi Holdings currently has an average rating of “Buy” and an average price target of $7.00.

In other news, insider Michael D. Rumbolz sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $6.90, for a total value of $103,500.00. Following the sale, the insider now directly owns 121,742 shares in the company, valued at $840,019.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Geoffrey P. Judge sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $7.70, for a total value of $77,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,000 shares of company stock worth $666,500. Company insiders own 4.50% of the company’s stock.

Everi Holdings Company Profile

Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

Institutional Ownership by Quarter for Everi Holdings (NYSE:EVRI)

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