Geode Capital Management LLC Raises Stake in Everi Holdings Inc. (NYSE:EVRI)

Geode Capital Management LLC increased its position in Everi Holdings Inc. (NYSE:EVRI) by 1.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,860,321 shares of the credit services provider’s stock after acquiring an additional 27,670 shares during the period. Geode Capital Management LLC’s holdings in Everi were worth $24,450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates lifted its position in Everi by 260.7% during the second quarter. Raymond James & Associates now owns 241,175 shares of the credit services provider’s stock worth $2,026,000 after buying an additional 174,319 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Everi by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 645,400 shares of the credit services provider’s stock valued at $5,421,000 after acquiring an additional 26,138 shares during the last quarter. Signaturefd LLC lifted its holdings 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 worth $27,000 after acquiring an additional 3,060 shares during the period. Rhumbline Advisers boosted its position 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 acquiring an additional 4,486 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Everi by 27.6% in the second quarter. Victory Capital Management Inc. now owns 42,816 shares of the credit services provider’s stock valued at $360,000 after purchasing an additional 9,270 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Activity at Everi

In other news, EVP Darren Simmons sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the sale, the executive vice president now owns 140,425 shares of the company’s stock, valued at $1,890,120.50. This represents a 26.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the sale, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. This trade represents a 14.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,476 shares of company stock worth $3,435,636. Company insiders own 6.40% of the company’s stock.

Everi Stock Performance

NYSE EVRI opened at $13.49 on Friday. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.53. The firm has a market capitalization of $1.16 billion, a P/E ratio of 89.94 and a beta of 2.07. The business’s 50-day simple moving average is $13.41 and its 200-day simple moving average is $12.08.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Everi in a research note on Saturday. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.88.

Everi 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.