GABELLI & Co INVESTMENT ADVISERS INC. Increases Stake in Everi Holdings Inc. (NYSE:EVRI)

GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 474,164 shares of the credit services provider's stock after purchasing an additional 22,964 shares during the period. Everi makes up approximately 1.1% of GABELLI & Co INVESTMENT ADVISERS INC.'s investment portfolio, making the stock its 25th biggest position. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.55% of Everi worth $6,406,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Everi by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider's stock worth $65,631,000 after purchasing an additional 47,844 shares during the period. Water Island Capital LLC increased its position in Everi by 14.5% during the fourth quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider's stock valued at $39,516,000 after acquiring an additional 370,704 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Everi by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,882,584 shares of the credit services provider's stock worth $25,440,000 after acquiring an additional 22,263 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in shares of Everi by 147.8% during the 4th quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider's stock worth $18,811,000 after purchasing an additional 830,470 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Everi by 12.9% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,240,177 shares of the credit services provider's stock valued at $16,755,000 after purchasing an additional 141,627 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Everi Stock Up 0.2 %

NYSE:EVRI traded up $0.03 during trading hours on Friday, reaching $13.78. The company's stock had a trading volume of 1,197,461 shares, compared to its average volume of 1,282,181. 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 $1.19 billion, a P/E ratio of 91.84 and a beta of 1.57. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.83. The stock has a 50 day moving average price of $13.66 and a two-hundred day moving average price of $13.52.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Everi

In other Everi 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 value of $100,668.36. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.40% of the stock is 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.