Fmr LLC Sells 3,173,479 Shares of Everi Holdings Inc. (NYSE:EVRI)

Fmr LLC decreased its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 99.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,683 shares of the credit services provider’s stock after selling 3,173,479 shares during the quarter. Fmr LLC’s holdings in Everi were worth $193,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its stake in Everi by 2,428.6% during the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 3,060 shares in the last quarter. Huntington National Bank lifted its stake in Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after buying an additional 5,470 shares in the last quarter. Quarry LP boosted its holdings in shares of Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after buying an additional 2,864 shares during the period. Magnetar Financial LLC bought a new stake in shares of Everi during the second quarter worth $104,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Everi during the second quarter worth $118,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Buying and Selling at Everi

In other Everi news, EVP Darren Simmons sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total transaction of $673,000.00. Following the completion of the sale, the executive vice president now directly owns 140,425 shares of the company’s stock, valued at approximately $1,890,120.50. The trade was a 26.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of the company’s 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 of the company’s stock, valued at $1,236,222. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Everi Trading Down 0.1 %

NYSE EVRI opened at $13.49 on Friday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 89.94 and a beta of 2.07. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.53. 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’s fifty day moving average is $13.39 and its 200 day moving average is $11.94.

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.