Arrowstreet Capital Limited Partnership Raises Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Arrowstreet Capital Limited Partnership increased its holdings in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 370.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,750 shares of the credit services provider's stock after acquiring an additional 69,086 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.10% of Everi worth $1,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in Everi by 86.7% in the third quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider's stock worth $2,141,000 after purchasing an additional 75,655 shares during the period. Franklin Resources Inc. lifted its position in Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock valued at $550,000 after acquiring an additional 2,564 shares during the period. Geode Capital Management LLC lifted its position in Everi by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider's stock valued at $24,450,000 after acquiring an additional 27,670 shares during the period. Stifel Financial Corp boosted 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. Finally, SG Americas Securities LLC grew its holdings in Everi by 14.8% in the fourth quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider's stock worth $499,000 after purchasing an additional 4,772 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the transaction, the director now 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 Securities & Exchange Commission, which can be accessed through this link. 6.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Everi Stock Performance

Shares of NYSE EVRI traded up $0.02 during trading on Thursday, hitting $13.77. The company had a trading volume of 434,404 shares, compared to its average volume of 1,276,199. The stock has a 50 day simple moving average of $13.66 and a 200 day simple moving average of $13.51. The firm has a market capitalization of $1.19 billion, a P/E ratio of 91.77 and a beta of 1.57. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.83.

Everi Company 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.