Fmr LLC Sells 3,173,479 Shares of Everi Holdings Inc. (NYSE:EVRI)

Fmr LLC cut its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 99.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,683 shares of the credit services provider’s stock after selling 3,173,479 shares during the quarter. Fmr LLC’s holdings in Everi were worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP grew its holdings in Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after acquiring an additional 2,864 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of 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 purchasing an additional 3,060 shares during the period. Rhumbline Advisers grew its stake in shares of Everi by 3.7% in the second quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock worth $1,051,000 after purchasing an additional 4,486 shares during the last quarter. Huntington National Bank increased 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 purchasing an additional 5,470 shares during the period. Finally, Creative Planning raised its position in Everi by 11.9% during the 3rd quarter. Creative Planning now owns 72,769 shares of the credit services provider’s stock valued at $956,000 after purchasing an additional 7,728 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Everi

In other news, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the transaction, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Lucchese sold 45,476 shares of the 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 transaction, the executive vice president now owns 542,928 shares in the company, valued at approximately $7,318,669.44. This represents a 7.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock valued at $3,435,636 in the last 90 days. Insiders own 6.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Everi in a research report on Friday. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.88.

Everi Trading Down 0.1 %

Everi stock opened at $13.49 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.53. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.94 and a beta of 2.07. The firm has a 50 day moving average of $13.39 and a 200 day moving average of $11.94.

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.