Everi Holdings Inc. (NYSE:EVRI) Shares Bought by Quarry LP

Quarry LP lifted its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 59.5% during the third quarter, HoldingsChannel.com reports. The firm owned 16,320 shares of the credit services provider’s stock after purchasing an additional 6,090 shares during the period. Quarry LP’s holdings in Everi were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Centiva Capital LP grew its stake in shares of Everi by 428.4% during the 3rd quarter. Centiva Capital LP now owns 425,000 shares of the credit services provider’s stock worth $5,584,000 after purchasing an additional 344,573 shares during the period. ClearAlpha Technologies LP acquired a new position in shares of Everi during the 3rd quarter worth $1,827,000. Paloma Partners Management Co grew its stake in shares of Everi by 96.0% during the 3rd quarter. Paloma Partners Management Co now owns 23,132 shares of the credit services provider’s stock worth $304,000 after purchasing an additional 11,328 shares during the period. Glazer Capital LLC acquired a new position in shares of Everi during the 3rd quarter worth $33,507,000. Finally, Westchester Capital Management LLC acquired a new position in shares of Everi during the 3rd quarter worth $16,662,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Everi in a research note on Wednesday. They issued a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.88.

Everi Price Performance

Shares of NYSE EVRI opened at $13.48 on Friday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 89.87 and a beta of 2.07. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.50. The company’s 50-day moving average price is $13.32 and its 200 day moving average price is $11.42. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insider Activity at Everi

In other Everi news, Chairman Michael D. Rumbolz sold 50,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total value of $673,500.00. Following the transaction, the chairman now directly owns 1,032,062 shares in the company, valued at approximately $13,901,875.14. This represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Geoffrey P. Judge sold 16,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the transaction, the director now owns 91,572 shares in the company, valued at approximately $1,224,317.64. This trade represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 191,000 shares of company stock valued at $2,538,920. 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.