Alliancebernstein L.P. Buys 82,964 Shares of Everi Holdings Inc. (NYSE:EVRI)

Alliancebernstein L.P. grew its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 8.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,052,787 shares of the credit services provider’s stock after purchasing an additional 82,964 shares during the quarter. Alliancebernstein L.P.’s holdings in Everi were worth $14,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vestcor Inc bought a new stake in Everi during the 4th quarter valued at approximately $28,000. AlphaQuest LLC boosted its position in shares of Everi by 97.8% during the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after purchasing an additional 4,671 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Everi in the fourth quarter worth $151,000. Stifel Financial Corp raised its holdings in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after purchasing an additional 1,423 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Everi during the fourth quarter valued at $175,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Transactions at Everi

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Everi from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.83.

Everi Stock Up 0.1 %

EVRI stock opened at $13.32 on Wednesday. The business has a 50 day moving average of $13.66 and a 200 day moving average of $13.49. The firm has a market cap of $1.15 billion, a PE ratio of 88.77 and a beta of 1.57. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.83. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Everi 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.