Everi Holdings Inc. (NYSE:EVRI) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Everi Holdings Inc. (NYSE:EVRI) by 60.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,000 shares of the credit services provider’s stock after acquiring an additional 46,888 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.14% of Everi worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in EVRI. Intech Investment Management LLC grew its holdings in shares of Everi by 104.7% during the 4th quarter. Intech Investment Management LLC now owns 36,217 shares of the credit services provider’s stock worth $489,000 after purchasing an additional 18,525 shares during the period. Birnam Oak Advisors LP purchased a new stake in Everi during the fourth quarter worth approximately $919,000. Picton Mahoney Asset Management increased its position in shares of Everi by 2.1% in the fourth quarter. Picton Mahoney Asset Management now owns 852,700 shares of the credit services provider’s stock worth $11,519,000 after acquiring an additional 17,700 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Everi by 29.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 72,798 shares of the credit services provider’s stock valued at $981,000 after acquiring an additional 16,501 shares during the period. Finally, Vestcor Inc acquired a new position in shares of Everi during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Everi Trading Down 0.2 %

NYSE EVRI opened at $13.63 on Wednesday. The company’s fifty day simple moving average is $13.67 and its 200-day simple moving average is $13.46. The stock has a market cap of $1.18 billion, a P/E ratio of 90.87 and a beta of 2.05. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.83. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Everi in a research report on Wednesday. They issued a “buy” rating on the stock. Four investment 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 a consensus price target of $12.83.

Insiders Place Their Bets

In other Everi 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 $1,156,615.20. This represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.40% of the stock is currently owned by company insiders.

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.