The Manufacturers Life Insurance Company Sells 1,313 Shares of Everi Holdings Inc. (NYSE:EVRI)

The Manufacturers Life Insurance Company lowered its holdings in Everi Holdings Inc. (NYSE:EVRI) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,182 shares of the credit services provider’s stock after selling 1,313 shares during the period. The Manufacturers Life Insurance Company’s holdings in Everi were worth $397,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EVRI. CWM LLC grew its stake in Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after buying an additional 1,897 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Everi by 4.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock worth $446,000 after buying an additional 2,347 shares in the last quarter. Quarry LP grew its stake 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 buying an additional 2,864 shares in the last quarter. Signaturefd LLC grew its stake in Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after buying an additional 3,060 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Everi by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock worth $1,051,000 after buying an additional 4,486 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Insider Activity at Everi

In other news, Director Geoffrey P. Judge sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $13.50, for a total value of $54,000.00. Following the completion of the sale, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark F. Labay sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the sale, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. 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. Insiders own 6.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Everi Price Performance

EVRI stock opened at $13.46 on Monday. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.50. The firm’s fifty day moving average is $13.36 and its 200 day moving average is $11.76. The firm has a market cap of $1.16 billion, a P/E ratio of 89.74 and a beta of 2.07.

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.