Nordea Investment Management AB Buys 3,573 Shares of Everi Holdings Inc. (NYSE:EVRI)

Nordea Investment Management AB grew its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 295,960 shares of the credit services provider’s stock after acquiring an additional 3,573 shares during the quarter. Nordea Investment Management AB owned about 0.34% of Everi worth $3,995,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EVRI. Intech Investment Management LLC bought a new position in shares of Everi during the third quarter valued at $232,000. Huntington National Bank lifted its stake in Everi by 1,296.2% during the 3rd 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 during the period. Burgundy Asset Management Ltd. lifted its stake in Everi by 1,230.8% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock valued at $5,745,000 after acquiring an additional 632,544 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Everi during the 3rd quarter valued at about $2,113,000. Finally, SG Americas Securities LLC bought a new stake in shares of Everi in the third quarter worth approximately $422,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 16,000 shares of Everi stock in a transaction on Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the transaction, the director now directly owns 91,572 shares in the company, valued at approximately $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark F. Labay sold 50,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $13.38, for a total value of $669,000.00. Following the sale, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at $1,905,659.88. This represents a 25.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Everi in a research report on Sunday, January 5th. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.88.

Everi Trading Up 0.1 %

Everi stock opened at $13.53 on Friday. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $13.58. The company has a market cap of $1.17 billion, a P/E ratio of 90.21 and a beta of 2.06. 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 has a 50-day simple moving average of $13.45 and a two-hundred day simple moving average of $12.46.

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.