Schonfeld Strategic Advisors LLC Buys 301,354 Shares of Everi Holdings Inc. (NYSE:EVRI)

Schonfeld Strategic Advisors LLC increased its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 179.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 468,912 shares of the credit services provider’s stock after acquiring an additional 301,354 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Everi were worth $6,335,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of EVRI. Highbridge Capital Management LLC raised its holdings 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 valued at $18,811,000 after purchasing an additional 830,470 shares during the period. Westchester Capital Management LLC increased its position in Everi by 41.1% in the 4th quarter. Westchester Capital Management LLC now owns 1,789,246 shares of the credit services provider’s stock valued at $24,173,000 after buying an additional 521,218 shares in the last quarter. Marshall Wace LLP raised its stake in Everi by 3,126.6% during the 4th quarter. Marshall Wace LLP now owns 429,133 shares of the credit services provider’s stock worth $5,798,000 after buying an additional 415,833 shares during the period. Water Island Capital LLC boosted its holdings in Everi by 14.5% in 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 acquiring an additional 370,704 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Everi in the fourth quarter valued at approximately $4,361,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Everi Stock Performance

Shares of EVRI opened at $14.04 on Friday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 93.57 and a beta of 1.57. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $14.06. The stock has a 50 day moving average price of $13.68 and a two-hundred day moving average price of $13.56. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Insider Activity at Everi

In related news, CAO Todd A. Valli sold 30,000 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $13.75, for a total transaction of $412,500.00. Following the transaction, the chief accounting officer now directly owns 57,413 shares of the company’s stock, valued at $789,428.75. This trade represents a 34.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 84,240 shares of the company’s stock, valued at $1,156,615.20. The trade was a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is owned by 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.