Everi Holdings Inc. (NYSE:EVRI) Stake Boosted by Huntington National Bank

Huntington National Bank increased its stake in Everi Holdings Inc. (NYSE:EVRI) by 1,296.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,892 shares of the credit services provider’s stock after purchasing an additional 5,470 shares during the period. Huntington National Bank’s holdings in Everi were worth $77,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its position in Everi by 2,428.6% in 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 during the last quarter. CWM LLC boosted its position in shares of Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after buying an additional 1,897 shares during the period. Quarry LP increased its position in Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after acquiring an additional 2,864 shares during the period. Magnetar Financial LLC bought a new stake in Everi during the 2nd quarter valued at $104,000. Finally, Meeder Asset Management Inc. acquired a new position in Everi during the 2nd quarter worth $118,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Price Performance

Shares of NYSE EVRI opened at $13.38 on Tuesday. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.45. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 3.84. The firm has a 50-day moving average of $13.24 and a two-hundred day moving average of $10.95. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 28.46 and a beta of 2.13.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com started coverage on Everi in a report on Monday. They set a “hold” rating on the stock. Stifel Nicolaus restated a “hold” rating and set a $14.25 price target (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Raymond James reaffirmed a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Finally, B. Riley boosted their target price on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Everi has an average rating of “Hold” and an average price target of $12.88.

Insider Buying and Selling

In related news, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. The trade was a 28.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $213,920.00. Following the sale, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.

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.