Everi (NYSE:EVRI) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a report released on Sunday morning. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Price Performance

NYSE:EVRI opened at $13.53 on Friday. The business’s 50-day moving average is $13.44 and its 200 day moving average is $12.44. Everi has a 12 month low of $6.37 and a 12 month high of $13.56. The company has a market capitalization of $1.17 billion, a P/E ratio of 90.21 and a beta of 2.07. 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

In other Everi news, EVP Darren Simmons sold 50,000 shares of Everi stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total transaction 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. The trade was a 26.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $13.50, for a total transaction of $54,000.00. Following the transaction, the director now owns 91,572 shares in the company, valued at $1,236,222. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is currently owned by insiders.

Institutional Trading of Everi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVRI. Clearbridge Investments LLC boosted its position in Everi by 85.3% during the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock valued at $23,400,000 after purchasing an additional 1,282,682 shares in the last quarter. Glazer Capital LLC acquired a new stake in shares of Everi in the third quarter worth $33,507,000. Alpine Associates Management Inc. purchased a new position in shares of Everi during the 3rd quarter valued at about $24,815,000. Geode Capital Management LLC raised its position 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 valued at $24,450,000 after acquiring an additional 27,670 shares in the last quarter. Finally, Westchester Capital Management LLC purchased a new position in shares of Everi during the 3rd quarter valued at approximately $16,662,000. 95.47% of the stock is 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.