68,000 Shares in Everi Holdings Inc. (NYSE:EVRI) Bought by Birnam Oak Advisors LP

Birnam Oak Advisors LP acquired a new position in shares of Everi Holdings Inc. (NYSE:EVRI) in the fourth quarter, HoldingsChannel reports. The fund acquired 68,000 shares of the credit services provider’s stock, valued at approximately $919,000. Everi accounts for 0.4% of Birnam Oak Advisors LP’s holdings, making the stock its 23rd biggest holding.

A number of other institutional investors have also made changes to their positions in the stock. Arizona State Retirement System grew its stake in Everi by 3.2% in the fourth quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock valued at $337,000 after acquiring an additional 765 shares during the period. Stifel Financial Corp grew its stake in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after acquiring an additional 1,423 shares during the period. Vestcor Inc acquired a new position in Everi in the fourth quarter valued at about $28,000. Franklin Resources Inc. grew its stake in Everi by 6.6% in the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after acquiring an additional 2,564 shares during the period. Finally, Nordea Investment Management AB grew its stake in Everi by 1.2% in the fourth quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock valued at $3,995,000 after acquiring an additional 3,573 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 sale, 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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Everi in a research note on Tuesday. They issued a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.83.

Everi Stock Performance

Shares of Everi stock opened at $13.58 on Tuesday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 90.51 and a beta of 2.05. The stock’s 50-day moving average is $13.66 and its 200-day moving average is $13.44. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $13.83. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

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.