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

StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a research report released on Wednesday. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Stock Down 0.0 %

Shares of EVRI stock opened at $13.61 on Wednesday. The firm has a fifty day moving average of $13.51 and a 200-day moving average of $12.99. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi has a 12-month low of $6.37 and a 12-month high of $13.65. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.71 and a beta of 2.06.

Insider Transactions at Everi

In other Everi news, EVP Darren Simmons sold 50,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the sale, the executive vice president now owns 140,425 shares in the company, valued at $1,890,120.50. This trade represents a 26.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the sale, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock valued at $3,435,636 over the last quarter. Corporate insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC lifted its stake in shares of Everi by 569.9% during the 2nd quarter. Squarepoint Ops LLC now owns 417,266 shares of the credit services provider’s stock worth $3,505,000 after buying an additional 354,979 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Everi by 5.4% during the 2nd quarter. AQR Capital Management LLC now owns 358,563 shares of the credit services provider’s stock worth $3,012,000 after buying an additional 18,297 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Everi by 85.7% during the 2nd quarter. Mackenzie Financial Corp now owns 24,114 shares of the credit services provider’s stock worth $203,000 after buying an additional 11,129 shares during the last quarter. Algert Global LLC lifted its stake in shares of Everi by 815.1% during the 2nd quarter. Algert Global LLC now owns 159,964 shares of the credit services provider’s stock worth $1,344,000 after buying an additional 142,484 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Everi by 528.2% during the 2nd quarter. Creative Planning now owns 65,041 shares of the credit services provider’s stock worth $546,000 after buying an additional 54,687 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.