Everi (NYSE:EVRI) Reaches New 1-Year High – Here’s Why

Everi Holdings Inc. (NYSE:EVRI) hit a new 52-week high on Monday . The stock traded as high as $13.57 and last traded at $13.55, with a volume of 24822 shares changing hands. The stock had previously closed at $13.54.

Wall Street Analyst Weigh In

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

Everi Price Performance

The business has a 50-day simple moving average of $13.45 and a 200 day simple moving average of $12.53. 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.

Insider Activity

In related news, CFO Mark F. Labay sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the transaction, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linster W. Fox sold 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $539,200.00. 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 ninety days. 6.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Everi

Several institutional investors have recently modified their holdings of EVRI. Rhumbline Advisers grew its holdings in shares of Everi by 3.7% in the second quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock valued at $1,051,000 after acquiring an additional 4,486 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Everi by 27.6% in the second quarter. Victory Capital Management Inc. now owns 42,816 shares of the credit services provider’s stock valued at $360,000 after acquiring an additional 9,270 shares in the last quarter. BOKF NA grew its holdings in Everi by 122.2% during the second quarter. BOKF NA now owns 62,186 shares of the credit services provider’s stock valued at $522,000 after purchasing an additional 34,202 shares during the period. Hsbc Holdings PLC grew its holdings in Everi by 9.5% during the second quarter. Hsbc Holdings PLC now owns 140,720 shares of the credit services provider’s stock valued at $1,171,000 after purchasing an additional 12,174 shares during the period. Finally, MQS Management LLC bought a new position in Everi during the second quarter valued at $141,000. 95.47% of the stock is owned by 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.