Schonfeld Strategic Advisors LLC Has $6.34 Million Position in Everi Holdings Inc. (NYSE:EVRI)

Schonfeld Strategic Advisors LLC lifted its stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 179.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 468,912 shares of the credit services provider's stock after buying an additional 301,354 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.54% of Everi worth $6,335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Arizona State Retirement System grew its holdings in Everi by 3.2% in the 4th quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider's stock valued at $337,000 after buying an additional 765 shares in the last quarter. Vestcor Inc acquired a new position in shares of Everi in the fourth quarter valued at about $28,000. MetLife Investment Management LLC increased its position in Everi by 5.4% during the fourth quarter. MetLife Investment Management LLC now owns 47,140 shares of the credit services provider's stock worth $637,000 after acquiring an additional 2,409 shares during the period. Franklin Resources Inc. raised its stake in Everi by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock worth $550,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Everi by 1.2% in the 4th quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider's stock worth $3,995,000 after purchasing an additional 3,573 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Insiders Place Their Bets

In other Everi news, CAO Todd A. Valli sold 30,000 shares of Everi 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 transaction, the chief accounting officer now owns 57,413 shares in the company, valued at $789,428.75. The trade was a 34.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Geoffrey P. Judge sold 7,332 shares of the business's stock in a transaction on 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 approximately $1,156,615.20. The trade was a 8.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.40% of the company's stock.

Everi Price Performance

Shares of NYSE:EVRI opened at $14.04 on Friday. 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 stock has a market capitalization of $1.21 billion, a PE ratio of 93.57 and a beta of 1.57. The firm has a 50 day moving average of $13.68 and a 200-day moving average of $13.56. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $14.06.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Everi from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $12.83.

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.

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