Everi Holdings Inc. (NYSE:EVRI) Position Boosted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Everi Holdings Inc. (NYSE:EVRI) by 60.0% in the fourth quarter, Holdings Channel reports. The firm owned 125,000 shares of the credit services provider’s stock after purchasing an additional 46,888 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Everi were worth $1,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System grew its position in shares of Everi by 3.2% in the 4th quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock worth $337,000 after acquiring an additional 765 shares in the last quarter. Stifel Financial Corp lifted its stake 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 during the last quarter. Vestcor Inc bought a new stake in Everi during the fourth quarter valued at $28,000. Franklin Resources Inc. raised its holdings 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 purchasing an additional 2,564 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of 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 buying an additional 3,573 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the sale, the director now owns 84,240 shares in the company, valued at approximately $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Everi Stock Performance

EVRI stock opened at $13.63 on Wednesday. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $13.83. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 90.87 and a beta of 2.05. 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 stock’s fifty day moving average is $13.67 and its two-hundred day moving average is $13.46.

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.