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

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

Everi Trading Up 0.0 %

Shares of NYSE EVRI opened at $13.61 on Tuesday. The stock has a market cap of $1.17 billion, a P/E ratio of 90.71 and a beta of 2.06. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi has a 1 year low of $6.37 and a 1 year high of $13.65. The firm has a 50-day moving average of $13.49 and a 200 day moving average of $12.83.

Insider Buying and Selling at Everi

In other Everi news, CFO Mark F. Labay sold 50,000 shares of Everi stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the completion of the sale, the chief financial officer now owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. This trade represents a 25.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linster W. Fox sold 40,000 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 $539,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Everi

Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in Everi by 27.6% during the second quarter. Victory Capital Management Inc. now owns 42,816 shares of the credit services provider’s stock valued at $360,000 after acquiring an additional 9,270 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Everi by 9.5% in the 2nd quarter. Hsbc Holdings PLC now owns 140,720 shares of the credit services provider’s stock worth $1,171,000 after purchasing an additional 12,174 shares during the period. Magnetar Financial LLC purchased a new position in shares of Everi in the second quarter worth approximately $104,000. Solel Partners LP purchased a new stake in Everi during the second quarter valued at approximately $488,000. Finally, Squarepoint Ops LLC raised its position in Everi by 569.9% in the second quarter. Squarepoint Ops LLC now owns 417,266 shares of the credit services provider’s stock worth $3,505,000 after acquiring an additional 354,979 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.