Geode Capital Management LLC Purchases 22,263 Shares of Everi Holdings Inc. (NYSE:EVRI)

Geode Capital Management LLC increased its holdings in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,882,584 shares of the credit services provider's stock after purchasing an additional 22,263 shares during the period. Geode Capital Management LLC owned approximately 2.18% of Everi worth $25,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings in Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after purchasing an additional 1,423 shares during the last quarter. Jane Street Group LLC increased its holdings 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 in the last quarter. MML Investors Services LLC bought a new position in shares of Everi in the third quarter valued at approximately $223,000. Virtu Financial LLC acquired a new position in shares of Everi in the 3rd quarter worth approximately $878,000. Finally, Franklin Resources Inc. grew 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 worth $550,000 after acquiring an additional 2,564 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Everi Price Performance

Shares of Everi stock traded up $0.02 during midday trading on Wednesday, reaching $13.77. The company had a trading volume of 188,273 shares, compared to its average volume of 1,029,347. The stock has a fifty day simple moving average of $13.66 and a 200 day simple moving average of $13.53. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year 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 company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 91.81 and a beta of 1.57.

Insider Activity

In other news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction dated 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 owns 84,240 shares of the company's stock, valued at approximately $1,156,615.20. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of Everi stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $13.75, for a total transaction of $412,500.00. Following the sale, the chief accounting officer now owns 57,413 shares of the company's stock, valued at approximately $789,428.75. This represents a 34.32 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.40% of the company's stock.

Analyst Upgrades and Downgrades

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

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.