Highbridge Capital Management LLC Purchases 830,470 Shares of Everi Holdings Inc. (NYSE:EVRI)

Highbridge Capital Management LLC boosted its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 147.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,392,408 shares of the credit services provider’s stock after acquiring an additional 830,470 shares during the period. Highbridge Capital Management LLC owned about 1.61% of Everi worth $18,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the sale, the director now owns 84,240 shares of the company’s stock, valued at $1,156,615.20. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.40% of the company’s stock.

Everi Stock Up 0.1 %

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Everi in a 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.83.

Everi Company 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.