Vestcor Inc Acquires Shares of 2,057 Everi Holdings Inc. (NYSE:EVRI)

Vestcor Inc bought a new position in shares of Everi Holdings Inc. (NYSE:EVRI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,057 shares of the credit services provider’s stock, valued at approximately $28,000.

A number of other large investors also recently bought and sold shares of the company. Arizona State Retirement System lifted its holdings in Everi by 3.2% during the 4th quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock worth $337,000 after buying an additional 765 shares during the last quarter. Stifel Financial Corp lifted its holdings in Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after buying an additional 1,423 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after buying an additional 2,564 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Everi by 1.2% during the 4th quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock worth $3,995,000 after buying an additional 3,573 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Everi by 2.7% during the 4th quarter. Swiss National Bank now owns 169,200 shares of the credit services provider’s stock worth $2,286,000 after buying an additional 4,400 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

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 value of $100,668.36. Following the sale, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.40% of the company’s stock.

Everi Trading Up 0.0 %

Shares of NYSE EVRI opened at $13.58 on Wednesday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 90.51 and a beta of 2.05. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month 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. The stock’s 50 day simple moving average is $13.66 and its 200 day simple moving average is $13.44.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Everi in a report on Tuesday. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi has an average rating of “Hold” and a consensus price target of $12.83.

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.