Everi Holdings Inc. (NYSE:EVRI) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,860,321 shares of the credit services provider’s stock after buying an additional 27,670 shares during the period. Geode Capital Management LLC owned approximately 2.16% of Everi worth $24,450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Glazer Capital LLC acquired a new stake in Everi during the 3rd quarter worth approximately $33,507,000. Alpine Associates Management Inc. purchased a new stake in shares of Everi during the third quarter worth approximately $24,815,000. Clearbridge Investments LLC lifted its holdings in shares of Everi by 85.3% during the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after purchasing an additional 1,282,682 shares during the period. Westchester Capital Management LLC purchased a new position in Everi in the 3rd quarter valued at $16,662,000. Finally, Sand Grove Capital Management LLP acquired a new position in Everi in the 3rd quarter valued at $15,806,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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 value of $669,000.00. Following the completion of the transaction, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. This trade represents a 25.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Geoffrey P. Judge sold 16,000 shares of Everi stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the sale, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,476 shares of company stock worth $3,435,636. Corporate insiders own 6.40% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Everi in a research note on Saturday. They issued a “hold” rating for the company. Six analysts have rated the stock with a hold rating, According to MarketBeat, Everi presently has a consensus rating of “Hold” and a consensus price target of $12.88.

Everi Stock Down 0.2 %

Everi stock opened at $13.49 on Friday. The stock’s 50 day moving average price is $13.41 and its 200 day moving average price is $12.08. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.53. The company has a market cap of $1.16 billion, a PE ratio of 89.94 and a beta of 2.07. 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.