Skandinaviska Enskilda Banken AB publ Buys 16,501 Shares of Everi Holdings Inc. (NYSE:EVRI)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 29.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 72,798 shares of the credit services provider’s stock after purchasing an additional 16,501 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Everi were worth $981,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Glazer Capital LLC bought a new position in shares of Everi in the third quarter worth approximately $33,507,000. Alpine Associates Management Inc. bought a new position in Everi in the 3rd quarter valued at approximately $24,815,000. Westchester Capital Management LLC purchased a new stake in Everi during the 3rd quarter valued at $16,662,000. Sand Grove Capital Management LLP purchased a new stake in Everi during the 3rd quarter valued at $15,806,000. Finally, Centiva Capital LP increased its holdings in shares of Everi by 428.4% in the 3rd quarter. Centiva Capital LP now owns 425,000 shares of the credit services provider’s stock worth $5,584,000 after purchasing an additional 344,573 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Everi Trading Down 0.0 %

Shares of EVRI stock opened at $13.58 on Tuesday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 90.51 and a beta of 2.05. 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 firm’s 50 day moving average is $13.66 and its 200 day moving average is $13.44. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.83.

Insider Transactions at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were 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 owns 84,240 shares of the company’s stock, valued at $1,156,615.20. This represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.40% of the company’s stock.

Analyst Upgrades and Downgrades

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.com, the stock presently has an average rating of “Hold” and an average 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.