Swiss National Bank grew its stake in Everi Holdings Inc. (NYSE:EVRI – Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,200 shares of the credit services provider’s stock after acquiring an additional 4,400 shares during the quarter. Swiss National Bank owned about 0.20% of Everi worth $2,286,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC boosted 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 worth $128,000 after purchasing an additional 4,671 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Everi in the 4th quarter worth about $4,361,000. Arizona State Retirement System increased its stake in shares of Everi by 3.2% during the 4th quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock valued at $337,000 after acquiring an additional 765 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Everi during the 4th quarter worth about $151,000. Finally, Victory Capital Management Inc. boosted its position in shares of Everi by 773.4% in the fourth quarter. Victory Capital Management Inc. now owns 91,039 shares of the credit services provider’s stock worth $1,230,000 after acquiring an additional 80,615 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Everi in a research note on Wednesday. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Everi presently has a consensus rating of “Hold” and a consensus price target of $12.83.
Everi Stock Up 0.1 %
Shares of NYSE:EVRI opened at $13.62 on Friday. The stock has a 50-day simple moving average of $13.67 and a 200-day simple moving average of $13.46. The stock has a market capitalization of $1.18 billion, a P/E ratio of 90.77 and a beta of 2.05. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $13.83. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.
Insider Buying and Selling at Everi
In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the business’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 owns 84,240 shares in the company, valued at $1,156,615.20. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.40% of the stock is currently owned by corporate insiders.
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.
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