Zurcher Kantonalbank Zurich Cantonalbank Has $315,000 Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 57.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,992 shares of the credit services provider’s stock after selling 32,043 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Everi were worth $315,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vista Investment Partners LLC acquired a new stake in shares of Everi during the second quarter worth $346,000. Private Capital Management LLC boosted its position in Everi by 19.8% during the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after acquiring an additional 461,939 shares during the last quarter. Quest Partners LLC grew its holdings in Everi by 756.2% during the 2nd quarter. Quest Partners LLC now owns 73,920 shares of the credit services provider’s stock worth $621,000 after acquiring an additional 65,287 shares during the period. Burgundy Asset Management Ltd. lifted its stake in shares of Everi by 1,230.8% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock valued at $5,745,000 after purchasing an additional 632,544 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Everi during the third quarter worth approximately $422,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Everi in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Everi has an average rating of “Hold” and a consensus price target of $12.88.

Insider Activity

In other Everi news, EVP Darren Simmons sold 75,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the sale, the executive vice president now owns 190,425 shares in the company, valued at $2,494,567.50. This represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $13.50, for a total value of $54,000.00. Following the sale, the director now owns 91,572 shares in the company, valued at approximately $1,236,222. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 195,000 shares of company stock valued at $2,592,920 over the last three months. Corporate insiders own 6.40% of the company’s stock.

Everi Stock Performance

EVRI stock opened at $13.48 on Monday. The firm has a market cap of $1.16 billion, a PE ratio of 89.87 and a beta of 2.07. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The business has a 50 day moving average of $13.33 and a 200-day moving average of $11.52. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.50.

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.