Everi Holdings Inc. (NYSE:EVRI) Director Sells $539,200.00 in Stock

Everi Holdings Inc. (NYSE:EVRI) Director Linster W. Fox sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $539,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Everi Stock Performance

Shares of NYSE:EVRI opened at $13.48 on Tuesday. The company has a market cap of $1.16 billion, a PE ratio of 89.87 and a beta of 2.07. The company’s 50-day moving average price is $13.34 and its 200 day moving average price is $11.56. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.50. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Institutional Trading of Everi

Several hedge funds have recently bought and sold shares of EVRI. Glazer Capital LLC bought a new stake in Everi in the 3rd quarter valued at about $33,507,000. Alpine Associates Management Inc. bought a new stake in shares of Everi during the 3rd quarter worth about $24,815,000. Clearbridge Investments LLC raised its position in shares of Everi by 85.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after buying an additional 1,282,682 shares in the last quarter. Westchester Capital Management LLC bought a new stake in shares of Everi during the 3rd quarter worth about $16,662,000. Finally, Sand Grove Capital Management LLP bought a new stake in shares of Everi during the 3rd quarter worth about $15,806,000. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Everi in a research report on Wednesday, December 4th. They issued a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.88.

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.