Grantham Mayo Van Otterloo & Co. LLC Acquires 141,627 Shares of Everi Holdings Inc. (NYSE:EVRI)

Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,240,177 shares of the credit services provider's stock after buying an additional 141,627 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 1.44% of Everi worth $16,755,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in Everi by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 50,926 shares of the credit services provider's stock worth $688,000 after acquiring an additional 10,544 shares during the last quarter. Athos Capital Ltd purchased a new position in Everi during the fourth quarter worth about $1,351,000. Landscape Capital Management L.L.C. purchased a new position in Everi during the fourth quarter worth about $367,000. Geode Capital Management LLC grew its position in 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 purchasing an additional 22,263 shares in the last quarter. Finally, Diametric Capital LP increased its stake in Everi by 11.3% in the 4th quarter. Diametric Capital LP now owns 97,054 shares of the credit services provider's stock valued at $1,311,000 after buying an additional 9,861 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Insider Buying and Selling at Everi

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the business'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 sale, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. The trade was 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. Corporate insiders own 6.40% of the company's stock.

Analyst Ratings Changes

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

Everi Stock Performance

EVRI traded up $0.12 during trading on Friday, hitting $13.64. 730,463 shares of the company traded hands, compared to its average volume of 1,262,285. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $13.83. The stock's fifty day moving average is $13.65 and its 200 day moving average is $13.50. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The firm has a market cap of $1.18 billion, a P/E ratio of 90.84 and a beta of 1.57.

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.