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

Stock analysts at StockNews.com began coverage on shares of Everi (NYSE:EVRIGet Free Report) in a note issued to investors on Monday. The firm set a “hold” rating on the credit services provider’s stock.

Everi Price Performance

EVRI opened at $13.60 on Monday. Everi has a 12-month low of $6.37 and a 12-month high of $13.60. 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 firm has a market capitalization of $1.17 billion, a P/E ratio of 90.67 and a beta of 2.06. The stock has a fifty day moving average of $13.46 and a 200-day moving average of $12.59.

Insider Buying and Selling at Everi

In related news, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction on Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the sale, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark F. Labay sold 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the completion of the transaction, the chief financial officer now directly owns 142,426 shares in the company, valued at approximately $1,905,659.88. The trade was a 25.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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 corporate insiders.

Hedge Funds Weigh In On Everi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Glazer Capital LLC bought a new stake in Everi in the third quarter worth approximately $33,507,000. Alpine Associates Management Inc. acquired a new stake in shares of Everi in the 3rd quarter valued at $24,815,000. Clearbridge Investments LLC boosted its holdings in Everi by 85.3% in the second 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 in the last quarter. Westchester Capital Management LLC bought a new stake in Everi in the third quarter worth $16,662,000. Finally, Sand Grove Capital Management LLP acquired a new position in Everi during the third quarter worth $15,806,000. Institutional investors own 95.47% of the company’s stock.

About Everi

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Everi (NYSE:EVRI)

Receive News & Ratings for Everi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everi and related companies with MarketBeat.com's FREE daily email newsletter.