Everi (NYSE:EVRI) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research report report published on Monday. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Stock Up 0.1 %

Shares of EVRI stock opened at $13.56 on Monday. Everi has a 12 month low of $6.37 and a 12 month high of $13.57. The stock has a market cap of $1.17 billion, a P/E ratio of 90.41 and a beta of 2.06. 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 company has a 50 day simple moving average of $13.45 and a two-hundred day simple moving average of $12.56.

Insider Transactions at Everi

In other news, Chairman Michael D. Rumbolz sold 50,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total value of $673,500.00. Following the completion of the sale, the chairman now directly owns 1,032,062 shares of the company’s stock, valued at $13,901,875.14. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the sale, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,476 shares of company stock valued at $3,435,636 over the last three months. Corporate insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clearbridge Investments LLC boosted its position in shares of Everi by 85.3% during the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after acquiring an additional 1,282,682 shares during the last quarter. Glazer Capital LLC bought a new position in shares of Everi during the third quarter worth $33,507,000. Alpine Associates Management Inc. bought a new position in shares of Everi during the third quarter worth $24,815,000. Geode Capital Management LLC boosted its position in shares of Everi by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock worth $24,450,000 after acquiring an additional 27,670 shares during the last quarter. Finally, Westchester Capital Management LLC bought a new position in shares of Everi during the third quarter worth $16,662,000. Institutional investors own 95.47% 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.