Grantham Mayo Van Otterloo & Co. LLC Purchases 141,627 Shares of Everi Holdings Inc. (NYSE:EVRI)

Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,240,177 shares of the credit services provider’s stock after acquiring an additional 141,627 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 1.44% of Everi worth $16,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EVRI. Wells Fargo & Company MN grew its holdings in Everi by 26.1% in the 4th quarter. Wells Fargo & Company MN now owns 50,926 shares of the credit services provider’s stock valued at $688,000 after buying an additional 10,544 shares during the last quarter. Athos Capital Ltd acquired a new stake in shares of Everi in the fourth quarter worth $1,351,000. Landscape Capital Management L.L.C. bought a new position in Everi during the fourth quarter worth $367,000. Geode Capital Management LLC raised its stake in Everi by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,882,584 shares of the credit services provider’s stock valued at $25,440,000 after purchasing an additional 22,263 shares during the last quarter. Finally, Diametric Capital LP boosted its holdings in Everi by 11.3% in the 4th quarter. Diametric Capital LP now owns 97,054 shares of the credit services provider’s stock valued at $1,311,000 after purchasing an additional 9,861 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Geoffrey P. Judge sold 7,332 shares of the firm’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 transaction of $100,668.36. Following the completion of the transaction, the director now owns 84,240 shares in the company, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.40% of the company’s stock.

Everi Trading Down 1.2 %

Shares of EVRI stock opened at $13.49 on Friday. The firm has a fifty day moving average of $13.68 and a 200-day moving average of $13.49. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 89.91 and a beta of 1.57. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-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.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Everi from a “hold” rating to a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.