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

Gabelli Funds LLC raised its holdings in Everi Holdings Inc. (NYSE:EVRI) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 447,999 shares of the credit services provider’s stock after acquiring an additional 10,906 shares during the period. Gabelli Funds LLC owned about 0.52% of Everi worth $6,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of EVRI. Highbridge Capital Management LLC boosted its position in shares of Everi by 147.8% during the fourth quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider’s stock worth $18,811,000 after buying an additional 830,470 shares during the period. Water Island Capital LLC grew its stake in shares of Everi by 14.5% during the 4th quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider’s stock worth $39,516,000 after acquiring an additional 370,704 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Everi in the fourth quarter valued at approximately $4,361,000. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Everi by 12.9% in 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 purchasing an additional 141,627 shares in the last quarter. Finally, Athos Capital Ltd acquired a new position in Everi during the fourth quarter worth $1,351,000. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Everi from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Four 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, Everi presently has an average rating of “Hold” and a consensus target price of $12.83.

Everi Trading Up 0.2 %

Shares of Everi stock opened at $13.78 on Friday. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-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. The business’s 50 day moving average is $13.66 and its 200-day moving average is $13.52. The stock has a market cap of $1.19 billion, a P/E ratio of 91.84 and a beta of 1.57.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 7,332 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the transaction, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.