Everi Holdings Inc. (NYSE:EVRI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “Everi Holdings Inc. is a holding company which operates through subsidiaries, Global Cash Access, Inc. and Multimedia Games Holding Company, Inc. The Company’s segments include Games and Payments. Global Cash Access, Inc. provides integrated gaming payments solutions, video and mechanical reel gaming content and technology solutions, as well as compliance and software. Multimedia Games Holding Company, Inc., designs, manufactures and supplies gaming machines and systems. Everi Holdings Inc., formerly known as Global Cash Access Holdings, Inc., is headquartered in Las Vegas, United States. “

EVRI has been the topic of a number of other reports. Stifel Nicolaus reissued a “buy” rating and set a $9.00 target price (up from $7.50) on shares of Everi Holdings in a report on Monday, June 12th. ValuEngine upgraded shares of Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Everi Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Everi Holdings has an average rating of “Buy” and an average price target of $6.94.

Shares of Everi Holdings (NYSE EVRI) traded down 0.39% during trading on Friday, reaching $7.64. 461,714 shares of the company traded hands. Everi Holdings has a 12-month low of $1.21 and a 12-month high of $8.99. The company has a 50 day moving average price of $7.53 and a 200 day moving average price of $5.84. The firm’s market capitalization is $510.24 million.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in Everi Holdings by 91.9% in the second quarter. Renaissance Technologies LLC now owns 4,868,878 shares of the credit services provider’s stock worth $35,445,000 after buying an additional 2,331,500 shares during the last quarter. Numeric Investors LLC increased its position in Everi Holdings by 639.8% in the second quarter. Numeric Investors LLC now owns 1,596,050 shares of the credit services provider’s stock worth $11,619,000 after buying an additional 1,380,322 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Everi Holdings by 3,400.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,045,186 shares of the credit services provider’s stock worth $7,609,000 after buying an additional 1,015,330 shares during the last quarter. Brookfield Asset Management Inc. bought a new position in Everi Holdings during the first quarter worth about $4,790,000. Finally, Castleark Management LLC bought a new position in Everi Holdings during the second quarter worth about $7,172,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

About Everi Holdings

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.

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