Everi Holdings Inc. (NYSE:EVRI) Shares Bought by AQR Arbitrage LLC

AQR Arbitrage LLC raised its position in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,880,202 shares of the credit services provider's stock after buying an additional 405,831 shares during the period. AQR Arbitrage LLC owned about 2.18% of Everi worth $25,402,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vestcor Inc acquired a new stake in shares of Everi during the 4th quarter worth about $28,000. AlphaQuest LLC boosted its position in shares of Everi by 97.8% during the 4th 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 period. Proficio Capital Partners LLC acquired a new stake in Everi in the 4th quarter valued at approximately $151,000. FNY Investment Advisers LLC acquired a new position in Everi during the fourth quarter worth $175,000. Finally, Trans Canada Capital Inc. acquired a new position in Everi during the 4th quarter worth about $253,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Insider Buying and Selling at Everi

In other 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Todd A. Valli sold 30,000 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $13.75, for a total value of $412,500.00. Following the completion of the sale, the chief accounting officer now owns 57,413 shares of the company's stock, valued at approximately $789,428.75. This represents a 34.32 % 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.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Everi from a "hold" rating to a "buy" rating in a research report 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 currently has a consensus rating of "Hold" and a consensus price target of $12.83.

Everi Stock Performance

Shares of Everi stock traded up $0.01 on Tuesday, reaching $14.03. 523,377 shares of the stock were exchanged, compared to its average volume of 1,146,726. The firm has a market capitalization of $1.21 billion, a PE ratio of 93.51 and a beta of 1.31. The business has a fifty day moving average price of $13.69 and a two-hundred day moving average price of $13.58. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $14.06. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

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.