Adage Capital Partners GP L.L.C. Grows Position in Everi Holdings Inc. (NYSE:EVRI)

Adage Capital Partners GP L.L.C. raised its stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,214,219 shares of the credit services provider's stock after purchasing an additional 229,477 shares during the quarter. Adage Capital Partners GP L.L.C. owned 2.57% of Everi worth $29,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of EVRI. Vestcor Inc purchased a new stake in Everi during the fourth quarter valued at about $28,000. AlphaQuest LLC grew its stake 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 valued at $128,000 after buying an additional 4,671 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Everi during the fourth quarter valued at about $151,000. Stifel Financial Corp grew its stake in shares of Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after buying an additional 1,423 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Everi during the fourth quarter valued at about $175,000. 95.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.83.

Insider Activity

In other news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction dated 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 owns 84,240 shares of the company's stock, valued at $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 is available through this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $13.75, for a total value of $412,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at $789,428.75. This trade represents a 34.32 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.40% of the company's stock.

Everi Stock Down 0.1 %

Everi stock traded down $0.02 during trading hours on Thursday, hitting $14.04. 3,798,557 shares of the stock traded hands, compared to its average volume of 1,315,033. The firm's 50-day moving average price is $13.68 and its two-hundred day moving average price is $13.56. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The company has a market cap of $1.21 billion, a PE ratio of 93.57 and a beta of 1.57. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $14.06.

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.