Everi Holdings Inc. (NYSE:EVRI) Shares Bought by Highbridge Capital Management LLC

Highbridge Capital Management LLC grew its stake in Everi Holdings Inc. (NYSE:EVRI) by 147.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,392,408 shares of the credit services provider’s stock after purchasing an additional 830,470 shares during the period. Highbridge Capital Management LLC’s holdings in Everi were worth $18,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vestcor Inc acquired a new position in shares of Everi in the fourth quarter worth about $28,000. AlphaQuest LLC increased its stake in shares of Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after purchasing an additional 4,671 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Everi in the 4th quarter worth about $151,000. Stifel Financial Corp boosted its position in Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after purchasing an additional 1,423 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Everi during the fourth quarter worth approximately $175,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Everi in a research report on Wednesday. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.83.

Everi Trading Up 0.1 %

EVRI stock opened at $13.62 on Friday. The business’s 50-day moving average is $13.67 and its 200 day moving average is $13.46. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.85. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 90.77 and a beta of 2.05. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insider Transactions at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the sale, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.40% of the company’s stock.

About Everi

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.