Everi (NYSE:EVRI) Earns Hold Rating from Analysts at StockNews.com

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

Everi Price Performance

Shares of NYSE EVRI opened at $13.64 on Tuesday. The firm has a 50-day simple moving average of $13.49 and a 200-day simple moving average of $12.83. 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 stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 90.91 and a beta of 2.06. Everi has a 52 week low of $6.37 and a 52 week high of $13.65.

Insiders Place Their Bets

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction dated 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 directly owns 91,572 shares of the company’s stock, valued at $1,236,222. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Lucchese sold 45,476 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $13.48, for a total transaction of $613,016.48. Following the completion of the transaction, the executive vice president now owns 542,928 shares in the company, valued at $7,318,669.44. The trade was a 7.73 % decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Everi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearbridge Investments LLC boosted its position in shares of Everi by 85.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after purchasing an additional 1,282,682 shares during the period. Glazer Capital LLC purchased a new position in shares of Everi during the third quarter worth $33,507,000. Alpine Associates Management Inc. acquired a new stake in shares of Everi in the third quarter valued at $24,815,000. Geode Capital Management LLC raised its holdings in shares of Everi by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock valued at $24,450,000 after buying an additional 27,670 shares during the period. Finally, Westchester Capital Management LLC acquired a new position in Everi during the 3rd quarter worth about $16,662,000. Hedge funds and other institutional investors own 95.47% 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.