Everi Holdings Inc. (NYSE:EVRI) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC grew its stake in Everi Holdings Inc. (NYSE:EVRI) by 86.7% in the third quarter, Holdings Channel.com reports. The firm owned 162,951 shares of the credit services provider’s stock after acquiring an additional 75,655 shares during the quarter. Jane Street Group LLC’s holdings in Everi were worth $2,141,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in shares of 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 acquiring an additional 3,060 shares during the last quarter. Huntington National Bank raised its stake in Everi by 1,296.2% during the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after purchasing an additional 5,470 shares during the period. Quarry LP boosted 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 valued at $86,000 after purchasing an additional 2,864 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Everi in the 2nd quarter valued at approximately $104,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Everi during the 2nd quarter worth approximately $118,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

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

Everi Price Performance

Shares of EVRI opened at $13.50 on Tuesday. The firm has a 50-day simple moving average of $13.40 and a two-hundred day simple moving average of $12.02. The stock has a market cap of $1.16 billion, a PE ratio of 90.01 and a beta of 2.07. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.53. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Insider Activity at Everi

In other Everi news, EVP Darren Simmons sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $13.46, for a total transaction of $673,000.00. Following the sale, the executive vice president now directly owns 140,425 shares in the company, valued at $1,890,120.50. This represents a 26.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the transaction, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 255,476 shares of company stock worth $3,435,636. Insiders own 6.40% 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.