Everi (NYSE:EVRI) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a report published on Tuesday morning. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Stock Performance

Everi stock opened at $13.67 on Tuesday. The business has a 50 day moving average of $13.67 and a 200-day moving average of $13.44. 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 $13.83. The company has a market capitalization of $1.18 billion, a P/E ratio of 91.11 and a beta of 2.05.

Insider Transactions at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the sale, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Everi

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC boosted its stake in shares of Everi by 86.7% in the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock valued at $2,141,000 after purchasing an additional 75,655 shares during the last quarter. Intech Investment Management LLC acquired a new position in Everi in the third quarter valued at $232,000. Franklin Resources Inc. lifted its holdings in Everi by 6.6% in the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after buying an additional 2,564 shares during the period. Huntington National Bank boosted its position 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 valued at $77,000 after acquiring an additional 5,470 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 worth $24,450,000 after acquiring an additional 27,670 shares during the period. Institutional investors own 95.47% 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.