Bank of New York Mellon Corp Sells 126,481 Shares of Everi Holdings Inc. (NYSE:EVRI)

Bank of New York Mellon Corp reduced its stake in Everi Holdings Inc. (NYSE:EVRI) by 35.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229,134 shares of the credit services provider’s stock after selling 126,481 shares during the period. Bank of New York Mellon Corp’s holdings in Everi were worth $3,096,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Glazer Capital LLC acquired a new position in shares of Everi during the third quarter valued at about $33,507,000. Alpine Associates Management Inc. acquired a new position in shares of Everi during the third quarter valued at about $24,815,000. Geode Capital Management LLC grew its holdings in shares of Everi by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock valued at $24,450,000 after buying an additional 27,670 shares during the last quarter. Westchester Capital Management LLC acquired a new position in shares of Everi during the third quarter valued at about $16,662,000. Finally, Sand Grove Capital Management LLP acquired a new position in shares of Everi during the third quarter valued at about $15,806,000. 95.47% of the stock is owned by institutional investors.

Everi Stock Up 0.5 %

EVRI opened at $13.65 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 90.97 and a beta of 2.05. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.83. The company’s 50-day moving average price is $13.66 and its two-hundred day moving average price is $13.44.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Everi in a report on Tuesday. They set a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.83.

Insider Buying and Selling at Everi

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

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.