Vestcor Inc Buys New Stake in Everi Holdings Inc. (NYSE:EVRI)

Vestcor Inc bought a new stake in Everi Holdings Inc. (NYSE:EVRI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,057 shares of the credit services provider’s stock, valued at approximately $28,000.

Several other hedge funds also recently modified their holdings of EVRI. Huntington National Bank increased its position in shares of Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after purchasing an additional 5,470 shares during the period. Alpine Associates Management Inc. acquired a new position in shares of Everi during the 3rd quarter valued at $24,815,000. King Luther Capital Management Corp increased its position in shares of Everi by 41.9% during the 3rd quarter. King Luther Capital Management Corp now owns 390,796 shares of the credit services provider’s stock valued at $5,135,000 after purchasing an additional 115,485 shares during the period. Intech Investment Management LLC acquired a new position in shares of Everi during the 3rd quarter valued at $232,000. Finally, Walleye Capital LLC acquired a new position in shares of Everi during the 3rd quarter valued at $255,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Everi in a report on Tuesday. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi presently has a consensus rating of “Hold” and an average price target of $12.83.

Everi Stock Performance

Shares of NYSE EVRI opened at $13.58 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.51 and a beta of 2.05. The stock’s fifty day simple moving average is $13.66 and its 200 day simple moving average is $13.44. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $13.83.

Insider Buying and Selling

In other news, Director Geoffrey P. Judge sold 7,332 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 84,240 shares of the company’s stock, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.40% of the company’s stock.

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.