Athos Capital Ltd Invests $1.35 Million in Everi Holdings Inc. (NYSE:EVRI)

Athos Capital Ltd bought a new position in Everi Holdings Inc. (NYSE:EVRI - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 100,000 shares of the credit services provider's stock, valued at approximately $1,351,000. Everi comprises approximately 0.6% of Athos Capital Ltd's portfolio, making the stock its 15th biggest position. Athos Capital Ltd owned about 0.12% of Everi as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EVRI. Jane Street Group LLC boosted its position in shares of Everi by 86.7% during the third quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider's stock worth $2,141,000 after buying an additional 75,655 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Everi in the 3rd quarter valued at approximately $232,000. Franklin Resources Inc. raised its holdings in shares of Everi by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock valued at $550,000 after purchasing an additional 2,564 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 worth $24,450,000 after purchasing an additional 27,670 shares during the last quarter. Finally, Stifel Financial Corp grew 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 worth $172,000 after purchasing an additional 1,423 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Everi Stock Up 0.1 %

Shares of NYSE EVRI traded up $0.02 during mid-day trading on Wednesday, reaching $13.29. The company had a trading volume of 569,450 shares, compared to its average volume of 1,253,754. The firm has a 50 day simple moving average of $13.66 and a two-hundred day simple moving average of $13.49. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $13.83. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The stock has a market cap of $1.15 billion, a P/E ratio of 88.57 and a beta of 1.57.

Insider Buying and Selling at Everi

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