Bank of New York Mellon Corp Trims Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Bank of New York Mellon Corp trimmed its holdings in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 35.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229,134 shares of the credit services provider's stock after selling 126,481 shares during the period. Bank of New York Mellon Corp owned about 0.27% of Everi worth $3,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Glazer Capital LLC bought a new position in shares of Everi in the third quarter valued at $33,507,000. Alpine Associates Management Inc. bought a new position in shares of Everi in the third quarter valued at $24,815,000. Geode Capital Management LLC lifted its stake in shares of Everi by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider's stock valued at $24,450,000 after buying an additional 27,670 shares in the last quarter. Westchester Capital Management LLC bought a new position in shares of Everi in the third quarter valued at $16,662,000. Finally, Sand Grove Capital Management LLP bought a new position in shares of Everi in the third quarter valued at $15,806,000. 95.47% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the sale, the director now owns 84,240 shares in the company, valued at approximately $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.40% of the stock is currently owned by corporate insiders.

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Everi Stock Up 0.0 %

Shares of EVRI stock traded up $0.01 on Friday, hitting $13.68. The stock had a trading volume of 2,242,278 shares, compared to its average volume of 1,188,912. The business has a 50 day moving average of $13.67 and a 200 day moving average of $13.45. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 91.17 and a beta of 2.05. 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 Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.83.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Everi in a report on Tuesday, March 18th. They issued a "hold" rating for the company. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.83.

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.