15,952 Shares in Everi Holdings Inc (EVRI) Purchased by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC purchased a new stake in shares of Everi Holdings Inc (NYSE:EVRI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,952 shares of the credit services provider’s stock, valued at approximately $120,000.

Several other hedge funds have also made changes to their positions in the stock. QS Investors LLC lifted its stake in Everi by 570.7% in the 4th quarter. QS Investors LLC now owns 181,097 shares of the credit services provider’s stock worth $1,365,000 after purchasing an additional 154,096 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in Everi by 28.4% in the 4th quarter. Wolverine Asset Management LLC now owns 175,460 shares of the credit services provider’s stock worth $1,322,000 after purchasing an additional 38,801 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in Everi by 18.6% in the 4th quarter. Driehaus Capital Management LLC now owns 1,022,384 shares of the credit services provider’s stock worth $7,709,000 after purchasing an additional 160,588 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new stake in Everi in the 4th quarter worth approximately $24,715,000. Finally, Penn Capital Management Co. Inc. purchased a new stake in Everi in the 4th quarter worth approximately $10,099,000. Institutional investors own 91.10% of the company’s stock.

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Several analysts have issued reports on EVRI shares. Telsey Advisory Group started coverage on shares of Everi in a research note on Tuesday, March 13th. They issued an “outperform” rating and a $10.00 target price on the stock. Jefferies Group started coverage on shares of Everi in a research note on Tuesday, February 20th. They issued a “buy” rating and a $11.00 target price on the stock. Finally, ValuEngine upgraded shares of Everi from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Everi has a consensus rating of “Buy” and a consensus target price of $10.67.

In other news, insider Michael D. Rumbolz sold 9,134 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $8.00, for a total value of $73,072.00. Following the transaction, the insider now owns 113,977 shares of the company’s stock, valued at approximately $911,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Rumbolz sold 33,366 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $8.00, for a total transaction of $266,928.00. Following the completion of the transaction, the insider now directly owns 110,302 shares in the company, valued at approximately $882,416. The disclosure for this sale can be found here. Insiders sold a total of 192,500 shares of company stock worth $1,540,000 in the last three months. Insiders own 4.50% of the company’s stock.

Shares of NYSE:EVRI opened at $6.40 on Monday. Everi Holdings Inc has a one year low of $4.70 and a one year high of $8.99. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of -8.25.

Everi (NYSE:EVRI) last issued its quarterly earnings results on Tuesday, March 13th. The credit services provider reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.11). The firm had revenue of $247.86 million for the quarter, compared to analysts’ expectations of $231.70 million. research analysts predict that Everi Holdings Inc will post -0.09 earnings per share for the current fiscal year.

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Everi Company Profile

Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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