Alpine Associates Management Inc. Sells 67,200 Shares of Everi Holdings Inc. (NYSE:EVRI)

Alpine Associates Management Inc. trimmed its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,821,300 shares of the credit services provider's stock after selling 67,200 shares during the period. Everi comprises 1.5% of Alpine Associates Management Inc.'s portfolio, making the stock its 22nd largest position. Alpine Associates Management Inc. owned 2.11% of Everi worth $24,606,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EVRI. Huntington National Bank increased its holdings in Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider's stock valued at $77,000 after purchasing an additional 5,470 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Everi during the fourth quarter valued at approximately $151,000. Stifel Financial Corp increased its stake in shares of Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after buying an additional 1,423 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Everi during the fourth quarter valued at approximately $175,000. Finally, Quarry LP lifted its stake in Everi by 59.5% in the third quarter. Quarry LP now owns 16,320 shares of the credit services provider's stock worth $214,000 after acquiring an additional 6,090 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Everi in a research note on Monday. They issued a "hold" rating for the company. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.83.

Everi Stock Up 0.0 %

Shares of EVRI traded up $0.01 during mid-day trading on Thursday, reaching $13.59. The company had a trading volume of 2,250,572 shares, compared to its average volume of 698,833. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.57 and a beta of 2.05. The firm has a 50-day moving average price of $13.66 and a 200 day moving average price of $13.42. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.83.

Insider Buying and Selling

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the transaction, the director now directly owns 84,240 shares of the company's stock, valued at approximately $1,156,615.20. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.40% of the stock is currently owned by company insiders.

Everi Profile

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.