LPL Financial LLC Raises Holdings in Everi Holdings Inc. (NYSE:EVRI)

LPL Financial LLC raised its holdings in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,918 shares of the credit services provider's stock after purchasing an additional 21,143 shares during the quarter. LPL Financial LLC owned 0.30% of Everi worth $3,552,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Geode Capital Management LLC lifted its stake 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 worth $24,450,000 after acquiring an additional 27,670 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in Everi by 2.1% during the 4th quarter. Picton Mahoney Asset Management now owns 852,700 shares of the credit services provider's stock worth $11,519,000 after buying an additional 17,700 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Everi in the 4th quarter valued at about $4,361,000. Nordea Investment Management AB lifted its stake in Everi by 1.2% during the fourth quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider's stock worth $3,995,000 after purchasing an additional 3,573 shares during the last quarter. Finally, Swiss National Bank increased its stake in Everi by 2.7% in the fourth quarter. Swiss National Bank now owns 169,200 shares of the credit services provider's stock valued at $2,286,000 after purchasing an additional 4,400 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Everi Stock Performance

Shares of NYSE EVRI traded down $0.03 during mid-day trading on Wednesday, hitting $13.78. 212,816 shares of the company were exchanged, compared to its average volume of 1,274,476. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 91.84 and a beta of 1.57. The stock has a 50 day simple moving average of $13.66 and a 200-day simple moving average of $13.51. 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.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction 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 transaction, the director now owns 84,240 shares in the company, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.40% of the stock is currently owned by 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.