Susquehanna Fundamental Investments LLC Acquires New Shares in Everi Holdings Inc. (NYSE:EVRI)

Susquehanna Fundamental Investments LLC bought a new stake in Everi Holdings Inc. (NYSE:EVRI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 149,472 shares of the credit services provider's stock, valued at approximately $2,019,000. Susquehanna Fundamental Investments LLC owned 0.17% of Everi as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Westchester Capital Management LLC grew its holdings in shares of Everi by 41.1% in the 4th quarter. Westchester Capital Management LLC now owns 1,789,246 shares of the credit services provider's stock worth $24,173,000 after purchasing an additional 521,218 shares during the last quarter. Credit Industriel ET Commercial acquired a new stake in Everi during the 4th quarter valued at $2,280,000. Cigogne Management SA acquired a new position in Everi in the fourth quarter worth $3,679,000. Orvieto Partners L.P. acquired a new position in shares of Everi during the fourth quarter worth approximately $3,175,000. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of Everi by 11.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,214,219 shares of the credit services provider's stock worth $29,914,000 after acquiring an additional 229,477 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Everi Stock Up 0.0 %

EVRI stock traded up $0.01 during midday trading on Tuesday, hitting $14.03. The company's stock had a trading volume of 160,149 shares, compared to its average volume of 1,317,810. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $14.06. The stock has a market capitalization of $1.21 billion, a P/E ratio of 93.51 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. The company's fifty day moving average price is $13.69 and its 200 day moving average price is $13.58.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $12.83.

Insiders Place Their Bets

In related news, CAO Todd A. Valli sold 30,000 shares of the business'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 sale, the chief accounting officer now directly owns 57,413 shares of the company's stock, valued at $789,428.75. The trade was a 34.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 7,332 shares of the company'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 transaction, the director now 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. Company 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.