Price T Rowe Associates Inc. MD Has $1.02 Million Holdings in Everi Holdings Inc. (NYSE:EVRI)

Price T Rowe Associates Inc. MD decreased its stake in Everi Holdings Inc. (NYSE:EVRI) by 35.4% during the 4th quarter, HoldingsChannel reports. The fund owned 75,424 shares of the credit services provider’s stock after selling 41,247 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Everi were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Everi by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider’s stock worth $65,631,000 after purchasing an additional 47,844 shares during the last quarter. Water Island Capital LLC increased its stake in Everi by 14.5% during the fourth quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider’s stock valued at $39,516,000 after acquiring an additional 370,704 shares during the period. Geode Capital Management LLC increased its stake in Everi by 1.2% during 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 acquiring an additional 22,263 shares during the period. Hsbc Holdings PLC raised its holdings in Everi by 2.9% in the 4th quarter. Hsbc Holdings PLC now owns 1,734,907 shares of the credit services provider’s stock valued at $23,421,000 after acquiring an additional 48,160 shares in the last quarter. Finally, Highbridge Capital Management LLC lifted its position in shares of Everi by 147.8% in the 4th quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider’s stock worth $18,811,000 after acquiring an additional 830,470 shares during the period. Institutional investors own 95.47% of the company’s stock.

Everi Stock Up 0.2 %

Shares of EVRI opened at $14.06 on Friday. 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 company has a 50-day moving average price of $13.72 and a two-hundred day moving average price of $13.60. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 93.74 and a beta of 1.31. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $14.06.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CAO Todd A. Valli sold 30,000 shares of Everi stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $13.75, for a total transaction of $412,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 57,413 shares of the company’s stock, valued at $789,428.75. This trade represents a 34.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Geoffrey P. Judge sold 7,332 shares of the company’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 sale, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. This represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.

About Everi

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.