StockNews.com Initiates Coverage on Everi (NYSE:EVRI)

Investment analysts at StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a research note issued on Wednesday. The brokerage set a “hold” rating on the credit services provider’s stock.

Everi Stock Up 0.1 %

NYSE EVRI opened at $13.63 on Wednesday. The stock’s 50-day moving average price is $13.52 and its 200-day moving average price is $13.00. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi has a 52 week low of $6.37 and a 52 week high of $13.65. The company has a market capitalization of $1.18 billion, a P/E ratio of 90.84 and a beta of 2.06.

Insider Buying and Selling

In related news, EVP Darren Simmons sold 50,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $13.46, for a total transaction of $673,000.00. Following the completion of the sale, the executive vice president now owns 140,425 shares in the company, valued at approximately $1,890,120.50. This trade represents a 26.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Lucchese sold 45,476 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $613,016.48. Following the sale, the executive vice president now owns 542,928 shares of the company’s stock, valued at $7,318,669.44. This represents a 7.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is owned by corporate insiders.

Institutional Trading of Everi

Several institutional investors have recently made changes to their positions in the business. Jane Street Group LLC grew its holdings in Everi by 86.7% during the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock valued at $2,141,000 after buying an additional 75,655 shares in the last quarter. Intech Investment Management LLC purchased a new position in Everi during the 3rd quarter valued at approximately $232,000. Huntington National Bank grew its holdings in Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after buying an additional 5,470 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Everi during the 3rd quarter valued at approximately $2,113,000. Finally, SG Americas Securities LLC purchased a new position in Everi during the 3rd quarter valued at approximately $422,000. 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.