BNP Paribas Financial Markets Sells 123,833 Shares of Everi Holdings Inc. (NYSE:EVRI)

BNP Paribas Financial Markets reduced its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 82.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,032 shares of the credit services provider’s stock after selling 123,833 shares during the period. BNP Paribas Financial Markets’ holdings in Everi were worth $355,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. CWM LLC boosted its stake in Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 1,897 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Everi by 4.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock valued at $446,000 after buying an additional 2,347 shares in the last quarter. Quarry LP lifted its stake in shares of Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after buying an additional 2,864 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Everi by 2,428.6% during the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Everi by 3.7% during the 2nd quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock valued at $1,051,000 after buying an additional 4,486 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Everi in a research note on Thursday. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.88.

Insider Buying and Selling

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

Everi Stock Performance

Shares of EVRI stock opened at $13.46 on Friday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 89.74 and a beta of 2.07. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The firm’s 50 day moving average is $13.36 and its 200 day moving average is $11.72. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.50.

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.