Everi (NYSE:EVRI) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a research report issued on Friday. The firm set a “hold” rating on the credit services provider’s stock.

Everi Stock Down 0.1 %

Shares of NYSE:EVRI opened at $13.49 on Friday. The firm has a market capitalization of $1.16 billion, a PE ratio of 89.94 and a beta of 2.07. 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 has a 52-week low of $6.37 and a 52-week high of $13.53. The firm has a fifty day moving average of $13.39 and a 200 day moving average of $11.94.

Insider Transactions at Everi

In other news, EVP David Lucchese sold 45,476 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.48, for a total value of $613,016.48. Following the completion of the sale, the executive vice president now owns 542,928 shares of the company’s stock, valued at approximately $7,318,669.44. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael D. Rumbolz sold 50,000 shares of Everi stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.47, for a total transaction of $673,500.00. Following the completion of the transaction, the chairman now owns 1,032,062 shares in the company, valued at approximately $13,901,875.14. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everi

Institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC increased its stake in Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after purchasing an additional 1,282,682 shares during the period. Glazer Capital LLC purchased a new position in shares of Everi in the third quarter worth $33,507,000. Alpine Associates Management Inc. bought a new stake in Everi during the 3rd quarter valued at $24,815,000. Geode Capital Management LLC boosted its position in Everi by 1.5% during the 3rd 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 period. Finally, Westchester Capital Management LLC bought a new stake in Everi in the 3rd quarter worth $16,662,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Everi Company 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.