Everi Holdings Inc. (NYSE:EVRI) Stock Holdings Reduced by Absolute Gestao de Investimentos Ltda.

Absolute Gestao de Investimentos Ltda. reduced its stake in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 58.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 503,016 shares of the credit services provider's stock after selling 718,001 shares during the period. Everi makes up 2.9% of Absolute Gestao de Investimentos Ltda.'s portfolio, making the stock its 10th largest holding. Absolute Gestao de Investimentos Ltda. owned approximately 0.58% of Everi worth $6,796,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. AQR Arbitrage LLC boosted its position in shares of Everi by 27.5% during the 4th quarter. AQR Arbitrage LLC now owns 1,880,202 shares of the credit services provider's stock valued at $25,402,000 after acquiring an additional 405,831 shares during the last quarter. One68 Global Capital LLC purchased a new position in shares of Everi in the 4th quarter worth $1,922,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of Everi by 179.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 468,912 shares of the credit services provider's stock worth $6,335,000 after buying an additional 301,354 shares during the last quarter. Paloma Partners Management Co raised its position in shares of Everi by 73.9% during the 4th quarter. Paloma Partners Management Co now owns 40,216 shares of the credit services provider's stock valued at $543,000 after buying an additional 17,084 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Everi by 4.0% in the 4th quarter. Northern Trust Corp now owns 804,250 shares of the credit services provider's stock valued at $10,865,000 after acquiring an additional 31,173 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Insider Buying and Selling

In other Everi news, CAO Todd A. Valli sold 30,000 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $13.75, for a total value of $412,500.00. Following the transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at $789,428.75. This represents a 34.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction that occurred on Monday, March 10th. The shares were 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 of the company's stock, valued at $1,156,615.20. This represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.

Everi Price Performance

Everi stock remained flat at $14.03 during midday trading on Thursday. 482,794 shares of the company were exchanged, compared to its average volume of 1,317,022. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 93.54 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. The stock has a 50-day simple moving average of $13.70 and a two-hundred day simple moving average of $13.58.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Everi from a "hold" rating to a "buy" rating in a research report 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.83.

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.