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

PNC Financial Services Group Inc. decreased its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 36.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of Everi during the fourth quarter valued at approximately $151,000. FNY Investment Advisers LLC bought a new position in Everi during the 4th quarter valued at $175,000. Stifel Financial Corp boosted its holdings in Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after acquiring an additional 1,423 shares during the last quarter. Quarry LP grew its stake in shares of Everi by 59.5% in the 3rd quarter. Quarry LP now owns 16,320 shares of the credit services provider’s stock worth $214,000 after acquiring an additional 6,090 shares in the last quarter. Finally, MML Investors Services LLC purchased a new stake in shares of Everi in the third quarter valued at about $223,000. 95.47% of the stock is owned by institutional investors.

Insider Transactions at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the transaction, the director now directly owns 84,240 shares of the company’s stock, valued at $1,156,615.20. This represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Everi Stock Performance

Shares of Everi stock opened at $13.68 on Monday. The business’s fifty day simple moving average is $13.67 and its 200 day simple moving average is $13.45. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.83. The firm has a market capitalization of $1.18 billion, a P/E ratio of 91.17 and a beta of 2.05.

Everi 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.