Everi Holdings Inc. (NYSE:EVRI) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,052,787 shares of the credit services provider's stock after buying an additional 82,964 shares during the period. Alliancebernstein L.P. owned about 1.22% of Everi worth $14,223,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Everi by 370.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 87,750 shares of the credit services provider's stock valued at $1,186,000 after purchasing an additional 69,086 shares during the period. Highbridge Capital Management LLC raised its position in shares of Everi by 147.8% in the 4th quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider's stock worth $18,811,000 after acquiring an additional 830,470 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Everi by 5.1% during the 4th quarter. JPMorgan Chase & Co. now owns 471,636 shares of the credit services provider's stock valued at $6,372,000 after buying an additional 22,849 shares in the last quarter. Vanguard Group Inc. grew its holdings in Everi by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider's stock worth $65,631,000 after purchasing an additional 47,844 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Everi by 8.7% during the fourth quarter. LPL Financial LLC now owns 262,918 shares of the credit services provider's stock valued at $3,552,000 after purchasing an additional 21,143 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Everi currently has an average rating of "Hold" and a consensus price target of $12.83.

Everi Stock Down 0.1 %

NYSE EVRI traded down $0.02 during trading on Monday, hitting $13.67. The company's stock had a trading volume of 238,571 shares, compared to its average volume of 1,268,353. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.83. The business's 50 day simple moving average is $13.65 and its 200-day simple moving average is $13.50. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The company has a market cap of $1.18 billion, a PE ratio of 91.11 and a beta of 1.57.

Insider Buying and Selling

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total value 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 filing with the SEC, which is accessible through this hyperlink. 6.40% of the stock is owned by corporate 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.