Everi (NYSE:EVRI) Now Covered by StockNews.com

StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a report released on Tuesday. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Stock Up 0.0 %

EVRI stock opened at $13.58 on Tuesday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 90.51 and a beta of 2.05. 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 has a 12 month low of $6.37 and a 12 month high of $13.83. The firm has a 50-day moving average price of $13.66 and a 200-day moving average price of $13.44.

Insider Transactions at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the transaction, the director now owns 84,240 shares of the company’s stock, valued at $1,156,615.20. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in Everi by 86.7% during the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock valued at $2,141,000 after purchasing an additional 75,655 shares during the period. Intech Investment Management LLC bought a new position in shares of Everi in the 3rd quarter worth $232,000. Franklin Resources Inc. lifted its stake in Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after acquiring an additional 2,564 shares in the last quarter. Huntington National Bank lifted its stake 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 acquiring an additional 5,470 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Everi by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock valued at $24,450,000 after acquiring an additional 27,670 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.