Everi Holdings Inc. (NYSE:EVRI) Stake Boosted by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 104.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,217 shares of the credit services provider's stock after acquiring an additional 18,525 shares during the period. Intech Investment Management LLC's holdings in Everi were worth $489,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Glazer Capital LLC purchased a new position in Everi in the 3rd quarter valued at $33,507,000. Geode Capital Management LLC raised its stake in shares of 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 buying an additional 27,670 shares during the last quarter. Westchester Capital Management LLC acquired a new position in shares of Everi during the 3rd quarter worth $16,662,000. Sand Grove Capital Management LLP purchased a new stake in shares of Everi in the 3rd quarter worth about $15,806,000. Finally, Picton Mahoney Asset Management grew its stake in Everi by 2.1% in the 4th quarter. Picton Mahoney Asset Management now owns 852,700 shares of the credit services provider's stock valued at $11,519,000 after acquiring an additional 17,700 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Everi Trading Down 0.1 %

Everi stock traded down $0.02 during trading on Friday, reaching $13.60. The company had a trading volume of 639,045 shares, compared to its average volume of 1,213,203. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.85. 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 stock's 50 day moving average price is $13.67 and its two-hundred day moving average price is $13.47. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 90.64 and a beta of 2.05.

Insiders Place Their Bets

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $13.73, for a total transaction of $100,668.36. Following the transaction, the director now owns 84,240 shares of the company's stock, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Everi in a report on Wednesday. They set a "buy" rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Everi presently has an average rating of "Hold" and a consensus 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.