Everi Holdings Inc. (NYSE:EVRI) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 471,636 shares of the credit services provider's stock after buying an additional 22,849 shares during the period. JPMorgan Chase & Co. owned about 0.55% of Everi worth $6,372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Jane Street Group LLC raised its stake in Everi by 86.7% in the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider's stock valued at $2,141,000 after purchasing an additional 75,655 shares during the last quarter. Franklin Resources Inc. raised its stake in Everi by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock valued at $550,000 after purchasing an additional 2,564 shares during the last quarter. Geode Capital Management LLC raised its stake in Everi by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider's stock valued at $24,450,000 after purchasing an additional 27,670 shares during the last quarter. Stifel Financial Corp raised its stake in Everi by 12.2% in 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. Finally, SG Americas Securities LLC raised its stake in Everi by 14.8% in the 4th quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider's stock valued at $499,000 after purchasing an additional 4,772 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction on 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 legal filing with the SEC, which is available at this link. Also, CAO Todd A. Valli sold 30,000 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $13.75, for a total transaction of $412,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. This represents a 34.32 % decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by insiders.

Everi Trading Up 0.2 %

EVRI stock traded up $0.03 on Wednesday, hitting $13.78. 162,715 shares of the company were exchanged, compared to its average volume of 1,280,825. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 91.87 and a beta of 1.57. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.83. The business's fifty day moving average is $13.66 and its two-hundred day moving average is $13.53.

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.