Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.69 Million Stock Position in Everi Holdings Inc. (NYSE:EVRI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 60.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,000 shares of the credit services provider's stock after acquiring an additional 46,888 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.14% of Everi worth $1,689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRI. Glazer Capital LLC bought a new position in Everi in the third quarter valued at approximately $33,507,000. Westchester Capital Management LLC acquired a new stake in shares of Everi in the 3rd quarter valued at $16,662,000. Sand Grove Capital Management LLP acquired a new stake in shares of Everi in the 3rd quarter valued at $15,806,000. Centiva Capital LP increased its stake in shares of Everi by 428.4% in the 3rd quarter. Centiva Capital LP now owns 425,000 shares of the credit services provider's stock valued at $5,584,000 after purchasing an additional 344,573 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Everi during the 4th quarter worth $4,361,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Everi in a research report on Wednesday. They issued a "buy" rating on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $12.83.

Everi Price Performance

Shares of NYSE:EVRI traded down $0.02 during trading on Friday, hitting $13.60. 639,045 shares of the company were exchanged, compared to its average volume of 1,212,511. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.83. The company has a market capitalization of $1.18 billion, a P/E ratio of 90.64 and a beta of 2.05. The business's 50 day moving average is $13.67 and its 200-day moving average is $13.47.

Insiders Place Their Bets

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 84,240 shares of the company's stock, valued at $1,156,615.20. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.40% of the company's stock.

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.