JPMorgan Chase & Co. Trims Stock Position in Everi Holdings Inc. (NYSE:EVRI)

JPMorgan Chase & Co. trimmed its holdings in Everi Holdings Inc. (NYSE:EVRI) by 65.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 448,787 shares of the credit services provider’s stock after selling 838,493 shares during the period. JPMorgan Chase & Co. owned 0.52% of Everi worth $5,897,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EVRI. Huntington National Bank boosted its position in shares of Everi by 1,296.2% in the third 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 raised its stake 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 period. Magnetar Financial LLC acquired a new position in shares of Everi in the 2nd quarter valued at $104,000. MQS Management LLC purchased a new stake in shares of Everi during the 2nd quarter valued at $141,000. Finally, Stifel Financial Corp increased its holdings in shares of Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after buying an additional 1,423 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Everi in a report on Monday. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi presently has an average rating of “Hold” and a consensus target price of $12.88.

Insider Activity

In related news, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the sale, the director now directly owns 91,572 shares in the company, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren Simmons sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the transaction, the executive vice president now owns 140,425 shares in the company, valued at approximately $1,890,120.50. This represents a 26.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 255,476 shares of company stock valued at $3,435,636. Company insiders own 6.40% of the company’s stock.

Everi Trading Down 0.0 %

NYSE EVRI opened at $13.60 on Friday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.64 and a beta of 2.06. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $13.65. The company’s 50 day moving average price is $13.47 and its 200 day moving average price is $12.64.

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.