Intech Investment Management LLC Has $489,000 Position in Everi Holdings Inc. (NYSE:EVRI)

Intech Investment Management LLC increased its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 104.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,217 shares of the credit services provider's stock after acquiring an additional 18,525 shares during the quarter. Intech Investment Management LLC's holdings in Everi were worth $489,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EVRI. Vestcor Inc acquired a new stake in Everi during the 4th quarter valued at $28,000. AlphaQuest LLC grew its holdings in shares of Everi by 97.8% during the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock valued at $128,000 after buying an additional 4,671 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Everi during the fourth quarter valued at $151,000. FNY Investment Advisers LLC purchased a new stake in Everi in the 4th quarter worth about $175,000. Finally, Stifel Financial Corp boosted its position in Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock worth $172,000 after acquiring an additional 1,423 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Everi in a report on Tuesday, March 18th. They issued a "hold" rating on the stock. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.83.

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Insider Activity

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction dated 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 directly owns 84,240 shares in the company, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.40% of the stock is owned by corporate insiders.

Everi Stock Down 0.2 %

EVRI traded down $0.03 during trading on Tuesday, reaching $13.63. 583,421 shares of the stock traded hands, compared to its average volume of 1,190,317. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.83. The stock's 50-day simple moving average is $13.67 and its two-hundred day simple moving average is $13.46. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 90.87 and a beta of 2.05.

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.