Quest Partners LLC Decreases Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Quest Partners LLC lessened its stake in Everi Holdings Inc. (NYSE:EVRI) by 93.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,778 shares of the credit services provider’s stock after selling 69,142 shares during the quarter. Quest Partners LLC’s holdings in Everi were worth $63,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares in the last quarter. CWM LLC lifted its position in Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 1,897 shares during the last quarter. Huntington National Bank boosted 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 acquiring an additional 5,470 shares in the last quarter. Quarry LP boosted its stake in 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 acquiring an additional 2,864 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new position in Everi in the second quarter worth $104,000. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EVRI shares. StockNews.com began coverage on Everi in a report on Tuesday, November 26th. They set a “hold” rating for the company. B. Riley increased their price target on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.88.

Everi Trading Up 0.1 %

Shares of Everi stock opened at $13.47 on Friday. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.48. The firm’s 50 day simple moving average is $13.30 and its two-hundred day simple moving average is $11.25. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.80 and a beta of 2.13.

Insider Activity at Everi

In other Everi news, CFO Mark F. Labay sold 50,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,905,659.88. This trade represents a 25.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the sale, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 141,000 shares of company stock valued at $1,865,420 in the last ninety days. Company insiders own 6.40% of the company’s stock.

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.