One68 Global Capital LLC Purchases New Position in Everi Holdings Inc. (NYSE:EVRI)

One68 Global Capital LLC acquired a new position in Everi Holdings Inc. (NYSE:EVRI) in the 4th quarter, HoldingsChannel reports. The firm acquired 142,231 shares of the credit services provider’s stock, valued at approximately $1,922,000. Everi makes up 1.0% of One68 Global Capital LLC’s portfolio, making the stock its 21st largest position.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Everi by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider’s stock worth $65,631,000 after acquiring an additional 47,844 shares in the last quarter. Water Island Capital LLC grew its stake in Everi by 14.5% in the fourth quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider’s stock worth $39,516,000 after purchasing an additional 370,704 shares during the period. Adage Capital Partners GP L.L.C. lifted its position in 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 valued at $29,914,000 after buying an additional 229,477 shares during the period. Geode Capital Management LLC lifted its position in Everi by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,882,584 shares of the credit services provider’s stock valued at $25,440,000 after buying an additional 22,263 shares during the period. Finally, Westchester Capital Management LLC boosted its holdings in shares of Everi by 41.1% during the 4th quarter. Westchester Capital Management LLC now owns 1,789,246 shares of the credit services provider’s stock valued at $24,173,000 after buying an additional 521,218 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Everi Trading Up 1.0 %

Everi stock opened at $13.99 on Wednesday. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $14.11. 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 business’s fifty day simple moving average is $13.67 and its two-hundred day simple moving average is $13.55. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 93.24 and a beta of 1.57.

Insider Buying and Selling

In related news, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the transaction, the director now directly owns 84,240 shares of the company’s stock, valued at approximately $1,156,615.20. This represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of Everi stock in a transaction on 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 approximately $789,428.75. The trade was a 34.32 % decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Everi from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Four investment 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, the stock has a consensus rating of “Hold” and an average price target of $12.83.

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.