Kennedy Investment Group Sells 4,100 Shares of Everi Holdings Inc. (NYSE:EVRI)

Kennedy Investment Group trimmed its stake in Everi Holdings Inc. (NYSE:EVRI) by 27.9% in the fourth quarter, Holdings Channel reports. The firm owned 10,600 shares of the credit services provider’s stock after selling 4,100 shares during the quarter. Kennedy Investment Group’s holdings in Everi were worth $143,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Huntington National Bank grew its stake in Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after purchasing an additional 5,470 shares in the last quarter. Quarry LP lifted its position 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 valued at $86,000 after buying an additional 2,864 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after buying an additional 1,423 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Everi in the fourth quarter valued at approximately $175,000. Finally, GAM Holding AG acquired a new stake in shares of Everi in the third quarter valued at approximately $197,000. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Everi in a research report on Wednesday. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.88.

Everi Stock Performance

NYSE:EVRI opened at $13.61 on Wednesday. The stock has a market cap of $1.17 billion, a P/E ratio of 90.71 and a beta of 2.06. The stock has a 50 day simple moving average of $13.51 and a 200 day simple moving average of $12.99. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.65.

Insider Buying and Selling

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction on Friday, December 6th. The stock was sold at an average price of $13.50, for a total value of $54,000.00. Following the completion of the transaction, the director now directly owns 91,572 shares of the company’s stock, valued at $1,236,222. The trade was a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Michael D. Rumbolz sold 50,000 shares of Everi stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total value of $673,500.00. Following the completion of the transaction, the chairman now directly owns 1,032,062 shares of the company’s stock, valued at $13,901,875.14. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 255,476 shares of company stock valued at $3,435,636. Insiders own 6.40% of the company’s stock.

Everi 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.