AlphaQuest LLC Has $128,000 Holdings in Everi Holdings Inc. (NYSE:EVRI)

AlphaQuest LLC boosted its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 97.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,449 shares of the credit services provider’s stock after acquiring an additional 4,671 shares during the quarter. AlphaQuest LLC’s holdings in Everi were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Everi during the 4th quarter worth about $4,361,000. Arizona State Retirement System lifted its holdings 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 buying an additional 765 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Everi during the 4th quarter valued at about $151,000. Victory Capital Management Inc. lifted its holdings in shares of Everi by 773.4% during the 4th quarter. Victory Capital Management Inc. now owns 91,039 shares of the credit services provider’s stock valued at $1,230,000 after buying an additional 80,615 shares during the last quarter. Finally, Olympiad Research LP lifted its holdings in shares of Everi by 8.9% during the 4th quarter. Olympiad Research LP now owns 124,263 shares of the credit services provider’s stock valued at $1,679,000 after buying an additional 10,108 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Everi Stock Down 0.0 %

Shares of EVRI stock opened at $13.58 on Tuesday. The stock’s 50 day simple moving average is $13.66 and its 200 day simple moving average is $13.44. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.83. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.51 and a beta of 2.05.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of the firm’s stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is accessible through this link. 6.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Everi in a report on Tuesday. They set a “hold” rating for the company. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi currently has a consensus rating of “Hold” and an average price target 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.