ArrowMark Colorado Holdings LLC Has $22.95 Million Stock Position in Everi Holdings Inc. (NYSE:EVRI)

ArrowMark Colorado Holdings LLC cut its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,746,368 shares of the credit services provider’s stock after selling 18,285 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Everi were worth $22,947,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EVRI. Signaturefd LLC increased its position in Everi by 2,428.6% during the second 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 during the last quarter. CWM LLC raised its stake in shares of Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 1,897 shares in the last quarter. Huntington National Bank lifted its holdings in Everi by 1,296.2% in the 3rd 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 last quarter. Quarry LP boosted its position in Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares during the period. Finally, Magnetar Financial LLC bought a new stake in shares of Everi during the 2nd quarter worth $104,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Everi Stock Performance

Shares of NYSE:EVRI opened at $13.47 on Monday. The business has a fifty day moving average of $13.30 and a 200-day moving average of $11.30. The firm has a market cap of $1.16 billion, a PE ratio of 89.81 and a beta of 2.13. 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 twelve month low of $6.37 and a twelve month high of $13.48.

Insider Transactions at Everi

In other Everi news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark F. Labay sold 50,000 shares of Everi stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the sale, the chief financial officer now owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 141,000 shares of company stock worth $1,865,420. Corporate insiders own 6.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. B. Riley raised their price target on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research report on Monday, August 5th. StockNews.com began coverage on Everi in a research note on Tuesday, November 26th. 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, Everi has an average rating of “Hold” and a consensus target price 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.