Alpine Associates Management Inc. Sells 67,200 Shares of Everi Holdings Inc. (NYSE:EVRI)

Alpine Associates Management Inc. lowered its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,821,300 shares of the credit services provider’s stock after selling 67,200 shares during the period. Everi accounts for about 1.5% of Alpine Associates Management Inc.’s investment portfolio, making the stock its 22nd largest position. Alpine Associates Management Inc.’s holdings in Everi were worth $24,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EVRI. Huntington National Bank raised its position in shares of Everi by 1,296.2% during the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after buying an additional 5,470 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Everi during the fourth quarter valued at approximately $151,000. Stifel Financial Corp raised its position in shares of Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after buying an additional 1,423 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Everi during the fourth quarter valued at approximately $175,000. Finally, Quarry LP grew its holdings in shares of Everi by 59.5% in the third quarter. Quarry LP now owns 16,320 shares of the credit services provider’s stock valued at $214,000 after purchasing an additional 6,090 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Everi Trading Down 0.1 %

EVRI stock opened at $13.73 on Friday. The firm has a fifty day moving average price of $13.65 and a 200 day moving average price of $13.41. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.83. 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 firm has a market cap of $1.19 billion, a PE ratio of 91.51 and a beta of 2.05.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Everi in a report on Sunday, March 2nd. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating, According to MarketBeat, Everi presently has a consensus rating of “Hold” and a consensus target price of $12.83.

Insider Activity at Everi

In other Everi news, EVP David Lucchese sold 45,476 shares of Everi stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.48, for a total transaction of $613,016.48. Following the completion of the transaction, the executive vice president now directly owns 542,928 shares of the company’s stock, valued at $7,318,669.44. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren Simmons sold 50,000 shares of Everi stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total transaction of $673,000.00. Following the transaction, the executive vice president now directly owns 140,425 shares of the company’s stock, valued at $1,890,120.50. The trade was a 26.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,476 shares of company stock valued at $1,825,216. 6.40% of the stock is owned by corporate insiders.

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.