PNC Financial Services Group Inc. Sells 9,183 Shares of Everi Holdings Inc. (NYSE:EVRI)

PNC Financial Services Group Inc. cut its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 36.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,094 shares of the credit services provider’s stock after selling 9,183 shares during the period. PNC Financial Services Group Inc.’s holdings in Everi were worth $217,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Everi in the 4th quarter valued at about $4,361,000. Arizona State Retirement System boosted its holdings in Everi by 3.2% in the fourth quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock valued at $337,000 after acquiring an additional 765 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Everi in the fourth quarter valued at approximately $151,000. Victory Capital Management Inc. increased its position in Everi by 773.4% during the 4th quarter. Victory Capital Management Inc. now owns 91,039 shares of the credit services provider’s stock valued at $1,230,000 after purchasing an additional 80,615 shares during the period. Finally, Olympiad Research LP raised its holdings in Everi by 8.9% during the 4th quarter. Olympiad Research LP now owns 124,263 shares of the credit services provider’s stock worth $1,679,000 after purchasing an additional 10,108 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the transaction, the director now owns 84,240 shares in the company, valued at approximately $1,156,615.20. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.40% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Everi in a research note on Tuesday, March 18th. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.83.

Everi Trading Up 0.0 %

NYSE EVRI opened at $13.68 on Monday. The stock has a market capitalization of $1.18 billion, a P/E ratio of 91.17 and a beta of 2.05. The business has a 50 day simple moving average of $13.67 and a 200 day simple moving average of $13.45. 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 Holdings Inc. has a one year low of $6.37 and a one year high of $13.83.

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.