Everi (NYSE:EVRI) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a note issued to investors on Sunday. The firm set a “hold” rating on the credit services provider’s stock.

Everi Trading Up 0.1 %

EVRI opened at $13.53 on Friday. The company has a market cap of $1.17 billion, a P/E ratio of 90.21 and a beta of 2.07. The company has a fifty day moving average price of $13.43 and a two-hundred day moving average price of $12.33. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi has a 1-year low of $6.37 and a 1-year high of $13.55.

Insiders Place Their Bets

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 91,572 shares in the company, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark F. Labay sold 50,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the transaction, the chief financial officer now directly owns 142,426 shares in the company, valued at $1,905,659.88. This trade represents a 25.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,476 shares of company stock worth $3,435,636. Corporate insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank grew its stake 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 in the last quarter. Quarry LP boosted its holdings in Everi by 38.9% during the second 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 last quarter. Magnetar Financial LLC bought a new stake in Everi in the 2nd quarter worth about $104,000. Meeder Asset Management Inc. purchased a new stake in Everi in the 2nd quarter valued at about $118,000. Finally, MQS Management LLC bought a new position in shares of Everi during the 2nd quarter worth approximately $141,000. 95.47% of the stock is owned by institutional investors.

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.