Gabelli Funds LLC Has $6.05 Million Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Gabelli Funds LLC raised its stake in Everi Holdings Inc. (NYSE:EVRI) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 447,999 shares of the credit services provider’s stock after purchasing an additional 10,906 shares during the period. Gabelli Funds LLC’s holdings in Everi were worth $6,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EVRI. Vanguard Group Inc. boosted its stake in Everi by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider’s stock valued at $65,631,000 after purchasing an additional 47,844 shares during the period. Water Island Capital LLC lifted its holdings in shares of Everi by 14.5% during 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 buying an additional 370,704 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Everi by 1.2% in 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 acquiring an additional 22,263 shares during the period. Highbridge Capital Management LLC grew its stake in shares of Everi by 147.8% in the fourth quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider’s stock valued at $18,811,000 after acquiring an additional 830,470 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in Everi by 12.9% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,240,177 shares of the credit services provider’s stock worth $16,755,000 after acquiring an additional 141,627 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi 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 transaction, the director now directly 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 legal filing with the SEC, which is available through this link. 6.40% of the stock is owned by insiders.

Everi Stock Performance

NYSE:EVRI opened at $13.78 on Friday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 91.84 and a beta of 1.57. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.83. 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 has a fifty day moving average price of $13.66 and a 200-day moving average price of $13.52.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Everi from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Everi presently 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.