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

Picton Mahoney Asset Management grew its holdings in Everi Holdings Inc. (NYSE:EVRI) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 852,700 shares of the credit services provider’s stock after purchasing an additional 17,700 shares during the period. Picton Mahoney Asset Management owned about 0.99% of Everi worth $11,519,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Everi by 29.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 72,798 shares of the credit services provider’s stock worth $981,000 after buying an additional 16,501 shares during the last quarter. Vestcor Inc purchased a new position in shares of Everi in the 4th quarter worth $28,000. Swiss National Bank boosted its stake in shares of Everi by 2.7% in 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. AlphaQuest LLC boosted its stake in shares of Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock worth $128,000 after buying an additional 4,671 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Everi in the 4th quarter worth $4,361,000. Institutional investors own 95.47% of the company’s stock.

Insider Activity at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Everi Price Performance

NYSE EVRI opened at $13.57 on Friday. The company 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 quick ratio of 0.97 and a current ratio of 1.06. The business’s fifty day moving average is $13.66 and its 200 day moving average is $13.42. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.83.

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.