UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 17,553 Shares of Everi Holdings Inc. (NYSE:EVRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Everi Holdings Inc. (NYSE:EVRI) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 227,186 shares of the credit services provider’s stock after selling 17,553 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of Everi worth $2,985,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EVRI. Signaturefd LLC grew its position in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after buying an additional 3,060 shares in the last quarter. CWM LLC grew its holdings in shares of Everi by 117.5% during the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 1,897 shares in the last quarter. Huntington National Bank increased its position in shares of Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after purchasing an additional 5,470 shares during the period. Quarry LP raised its stake in Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after purchasing an additional 2,864 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in Everi during the second quarter worth about $104,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Everi in a report on Thursday. They set a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.88.

Insiders Place Their Bets

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 shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the sale, the chief financial officer now directly owns 142,426 shares in the company, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.50, for a total value of $54,000.00. Following the sale, the director now directly 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. 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.

Everi Price Performance

Shares of NYSE:EVRI opened at $13.47 on Friday. The business’s 50 day moving average is $13.36 and its 200 day moving average is $11.69. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.50. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 89.77 and a beta of 2.07. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

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.