Quinn Opportunity Partners LLC lowered its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 56.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 203,812 shares of the credit services provider's stock after selling 259,736 shares during the period. Quinn Opportunity Partners LLC owned 0.24% of Everi worth $2,754,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in EVRI. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 47,844 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Everi by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,882,584 shares of the credit services provider's stock valued at $25,440,000 after buying an additional 22,263 shares during the period. Highbridge Capital Management LLC grew its stake in Everi by 147.8% during the fourth quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider's stock worth $18,811,000 after buying an additional 830,470 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Everi by 12.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,240,177 shares of the credit services provider's stock valued at $16,755,000 after buying an additional 141,627 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Everi by 8.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,052,787 shares of the credit services provider's stock valued at $14,223,000 after acquiring an additional 82,964 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.
Everi Trading Down 0.2 %
EVRI traded down $0.03 during trading on Wednesday, reaching $13.77. 398,771 shares of the stock traded hands, compared to its average volume of 1,275,097. The stock has a market capitalization of $1.19 billion, a PE ratio of 91.81 and a beta of 1.57. 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 stock's 50-day moving average is $13.66 and its 200 day moving average is $13.51. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.83.
Insiders Place Their Bets
In related news, Director Geoffrey P. Judge sold 7,332 shares of the 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.40% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
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 given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $12.83.
Read Our Latest Stock Report on Everi
About Everi
(
Free Report)
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.
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