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

Analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research note issued on Sunday. The brokerage set a “hold” rating on the credit services provider’s stock.

Everi Price Performance

NYSE:EVRI opened at $13.51 on Friday. The firm’s fifty day moving average price is $13.44 and its two-hundred day moving average price is $12.40. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The company has a market cap of $1.17 billion, a P/E ratio of 90.07 and a beta of 2.07. Everi has a one year low of $6.37 and a one year high of $13.55.

Insider Buying and Selling at Everi

In related news, Director Linster W. Fox sold 40,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $539,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark F. Labay sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the sale, the chief financial officer now owns 142,426 shares in the company, valued at approximately $1,905,659.88. The trade was a 25.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock valued at $3,435,636 in the last quarter. Company insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Hedge funds have recently made changes to their positions in the company. Huntington National Bank raised its stake in shares of 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. Quarry LP grew its stake in shares of Everi by 38.9% in 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 last quarter. Magnetar Financial LLC acquired a new stake in Everi in the second quarter valued at $104,000. Meeder Asset Management Inc. bought a new position in Everi during the 2nd quarter worth $118,000. Finally, MQS Management LLC acquired a new position in Everi during the 2nd quarter worth about $141,000. 95.47% of the stock is owned by institutional investors and hedge funds.

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.