Quest Partners LLC Sells 69,142 Shares of Everi Holdings Inc. (NYSE:EVRI)

Quest Partners LLC reduced its holdings in Everi Holdings Inc. (NYSE:EVRI) by 93.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,778 shares of the credit services provider’s stock after selling 69,142 shares during the period. Quest Partners LLC’s holdings in Everi were worth $63,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in Everi by 2,428.6% during the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares during the period. CWM LLC raised its stake in shares of Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 1,897 shares during the period. Huntington National Bank lifted its holdings in shares of Everi by 1,296.2% in the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after acquiring an additional 5,470 shares during the last quarter. Quarry LP boosted its stake in shares of Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares during the period. Finally, Magnetar Financial LLC bought a new position in Everi during the 2nd quarter valued at about $104,000. 95.47% of the stock is currently owned by institutional investors.

Everi Trading Up 0.1 %

EVRI stock opened at $13.47 on Friday. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.48. The firm’s 50-day moving average is $13.30 and its 200 day moving average is $11.25. The company has a market capitalization of $1.16 billion, a PE ratio of 89.80 and a beta of 2.13. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Insiders Place Their Bets

In other Everi news, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the transaction, the chief financial officer now directly owns 142,426 shares in the company, valued at $1,905,659.88. This represents a 25.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren Simmons sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. This trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 141,000 shares of company stock worth $1,865,420 in the last three months. Corporate insiders own 6.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com initiated coverage on shares of Everi in a research note on Tuesday, November 26th. They issued a “hold” rating for the company. B. Riley increased their price target on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.88.

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.