Vanguard Group Inc. Acquires 47,844 Shares of Everi Holdings Inc. (NYSE:EVRI)

Vanguard Group Inc. grew its holdings in Everi Holdings Inc. (NYSE:EVRI) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,857,966 shares of the credit services provider’s stock after acquiring an additional 47,844 shares during the period. Vanguard Group Inc. owned about 0.06% of Everi worth $65,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in EVRI. Geode Capital Management LLC boosted its position in Everi by 1.5% during the third 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. Picton Mahoney Asset Management grew its stake in Everi by 2.1% in the 4th quarter. Picton Mahoney Asset Management now owns 852,700 shares of the credit services provider’s stock valued at $11,519,000 after buying an additional 17,700 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Everi during the fourth quarter worth approximately $4,361,000. Nordea Investment Management AB boosted its holdings in shares of Everi by 1.2% during the fourth quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock worth $3,995,000 after acquiring an additional 3,573 shares during the period. Finally, LPL Financial LLC grew its position in shares of Everi by 8.7% in the fourth quarter. LPL Financial LLC now owns 262,918 shares of the credit services provider’s stock valued at $3,552,000 after purchasing an additional 21,143 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Everi Stock Performance

NYSE EVRI opened at $13.51 on Friday. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.83. The firm has a 50-day moving average price of $13.65 and a two-hundred day moving average price of $13.50. The company has a market capitalization of $1.17 billion, a P/E ratio of 90.04 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.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Everi from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.83.

Insiders Place Their Bets

In related news, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction dated 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 $1,156,615.20. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 6.40% of the company’s stock.

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.