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

Schonfeld Strategic Advisors LLC grew its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 179.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 468,912 shares of the credit services provider's stock after purchasing an additional 301,354 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.54% of Everi worth $6,335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRI. Franklin Resources Inc. lifted its position in shares of Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock worth $550,000 after acquiring an additional 2,564 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Everi during the fourth quarter valued at approximately $151,000. SG Americas Securities LLC raised its stake in Everi by 14.8% in the fourth quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider's stock worth $499,000 after buying an additional 4,772 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Everi in the 4th quarter worth about $4,361,000. Finally, Victory Capital Management Inc. raised its stake in Everi by 773.4% during the fourth quarter. Victory Capital Management Inc. now owns 91,039 shares of the credit services provider's stock valued at $1,230,000 after buying an additional 80,615 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Everi Stock Performance

Shares of NYSE:EVRI traded up $0.01 on Wednesday, reaching $14.04. The company's stock had a trading volume of 191,672 shares, compared to its average volume of 1,318,152. The stock's 50-day moving average is $13.70 and its two-hundred day moving average is $13.58. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $14.06. The stock has a market capitalization of $1.21 billion, a P/E ratio of 93.57 and a beta of 1.31. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Wall Street Analyst Weigh In

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

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of Everi 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 transaction, the director now owns 84,240 shares of the company's stock, valued at $1,156,615.20. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of Everi stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 57,413 shares of the company's stock, valued at $789,428.75. This trade represents a 34.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.40% of the company's stock.

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.