Picton Mahoney Asset Management Purchases 17,700 Shares of Everi Holdings Inc. (NYSE:EVRI)

Picton Mahoney Asset Management lifted its position in Everi Holdings Inc. (NYSE:EVRI) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 852,700 shares of the credit services provider’s stock after purchasing an additional 17,700 shares during the quarter. Picton Mahoney Asset Management’s holdings in Everi were worth $11,519,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Glazer Capital LLC bought a new stake in shares of Everi in the third quarter worth about $33,507,000. Alpine Associates Management Inc. bought a new stake in Everi during the third quarter worth approximately $24,815,000. Geode Capital Management LLC increased its stake in Everi by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock worth $24,450,000 after acquiring an additional 27,670 shares during the last quarter. Westchester Capital Management LLC bought a new stake in Everi during the third quarter worth approximately $16,662,000. Finally, Sand Grove Capital Management LLP bought a new stake in Everi during the third quarter worth approximately $15,806,000. 95.47% of the stock is owned by institutional investors.

Everi Stock Down 0.2 %

Shares of NYSE:EVRI opened at $13.57 on Friday. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $13.83. The business has a 50 day simple moving average of $13.66 and a two-hundred day simple moving average of $13.42. The firm has a market capitalization of $1.17 billion, a PE ratio of 90.44 and a beta of 2.05. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Everi in a research note on Monday, March 10th. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.83.

Insider Buying and Selling at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of the business’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 completion of the sale, the director now owns 84,240 shares in the company, valued at approximately $1,156,615.20. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.40% of the company’s stock.

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.