Everi (NYSE:EVRI) Now Covered by StockNews.com

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

Everi Price Performance

Shares of NYSE:EVRI opened at $13.46 on Thursday. The firm has a market capitalization of $1.16 billion, a PE ratio of 89.74 and a beta of 2.07. 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 company has a 50-day moving average price of $13.36 and a two-hundred day moving average price of $11.64. Everi has a twelve month low of $6.37 and a twelve month high of $13.50.

Insider Buying and Selling at Everi

In other Everi news, EVP Darren Simmons sold 50,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the transaction, the executive vice president now directly owns 140,425 shares of the company’s stock, valued at $1,890,120.50. This trade represents a 26.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Geoffrey P. Judge sold 16,000 shares of the company’s 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 completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 255,476 shares of company stock valued at $3,435,636 in the last 90 days. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC increased its holdings in shares of Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after buying an additional 1,282,682 shares during the last quarter. Glazer Capital LLC bought a new position in Everi in the third quarter valued at $33,507,000. Alpine Associates Management Inc. purchased a new stake in Everi during the third quarter valued at about $24,815,000. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 27,670 shares during the last quarter. Finally, Westchester Capital Management LLC purchased a new position in shares of Everi in the 3rd quarter worth about $16,662,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.