Everi Holdings Inc. (NYSE:EVRI) Shares Bought by Highbridge Capital Management LLC

Highbridge Capital Management LLC boosted its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 147.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,392,408 shares of the credit services provider's stock after purchasing an additional 830,470 shares during the period. Highbridge Capital Management LLC owned about 1.61% of Everi worth $18,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of EVRI. JPMorgan Chase & Co. increased its position in shares of Everi by 5.1% in the fourth quarter. JPMorgan Chase & Co. now owns 471,636 shares of the credit services provider's stock valued at $6,372,000 after buying an additional 22,849 shares in the last quarter. Vanguard Group Inc. raised its position in Everi by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider's stock worth $65,631,000 after acquiring an additional 47,844 shares during the period. LPL Financial LLC lifted its holdings in Everi by 8.7% during the fourth quarter. LPL Financial LLC now owns 262,918 shares of the credit services provider's stock valued at $3,552,000 after purchasing an additional 21,143 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Everi by 60.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 125,000 shares of the credit services provider's stock valued at $1,689,000 after purchasing an additional 46,888 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of Everi by 104.7% during the fourth quarter. Intech Investment Management LLC now owns 36,217 shares of the credit services provider's stock worth $489,000 after purchasing an additional 18,525 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction of $100,668.36. Following the completion of the sale, the director now directly owns 84,240 shares in the company, valued at approximately $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.40% of the company's stock.

Everi Price Performance

NYSE EVRI traded up $0.03 during trading hours on Tuesday, hitting $13.70. 318,388 shares of the company's stock traded hands, compared to its average volume of 1,209,938. The company has a market capitalization of $1.18 billion, a PE ratio of 91.31 and a beta of 2.05. The firm's 50-day moving average is $13.68 and its 200-day moving average is $13.48. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $13.83. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Everi in a research report on Wednesday, March 26th. They issued a "buy" rating on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.83.

About Everi

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.