Raymond James Financial Inc. Acquires Shares of 322,792 Everi Holdings Inc. (NYSE:EVRI)

Raymond James Financial Inc. acquired a new stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 322,792 shares of the credit services provider's stock, valued at approximately $4,361,000. Raymond James Financial Inc. owned 0.37% of Everi as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EVRI. Jane Street Group LLC raised its holdings in Everi by 86.7% in the third quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider's stock valued at $2,141,000 after buying an additional 75,655 shares during the period. Intech Investment Management LLC purchased a new position in shares of Everi in the 3rd quarter valued at $232,000. Franklin Resources Inc. lifted its holdings in shares of Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock valued at $550,000 after acquiring an additional 2,564 shares in the last quarter. Geode Capital Management LLC boosted its position in 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 purchasing an additional 27,670 shares during the period. Finally, Stifel Financial Corp increased its holdings 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 in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.40% of the company's stock.

Everi Stock Down 0.1 %

Shares of NYSE EVRI traded down $0.02 during trading on Friday, reaching $13.60. 639,045 shares of the stock were exchanged, compared to its average volume of 1,212,511. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 90.64 and a beta of 2.05. The business's 50-day moving average price is $13.67 and its 200 day moving average price is $13.47. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.83.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Everi in a research note on Wednesday. They set a "buy" rating on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Everi has a consensus rating of "Hold" and an average target price of $12.83.

Everi Company 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.