Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 19.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 882,351 shares of the credit services provider's stock after selling 218,061 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.03% of Everi worth $11,594,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in Everi by 2,428.6% during the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock worth $27,000 after acquiring an additional 3,060 shares in the last quarter. CWM LLC increased its holdings in Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock valued at $30,000 after buying an additional 1,897 shares during the last quarter. Huntington National Bank raised 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 buying an additional 5,470 shares in the last quarter. Quarry LP lifted its holdings in Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock worth $86,000 after buying an additional 2,864 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in Everi during the second quarter worth approximately $104,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Everi in a research report on Wednesday, December 4th. They set a "hold" rating for the company. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $12.88.

Insider Activity

In related news, EVP Darren Simmons sold 75,000 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the transaction, the executive vice president now owns 190,425 shares of the company's stock, valued at $2,494,567.50. This trade represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Geoffrey P. Judge sold 4,000 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $13.50, for a total value of $54,000.00. Following the sale, the director now directly owns 91,572 shares of the company's stock, valued at approximately $1,236,222. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,000 shares of company stock valued at $2,592,920. 6.40% of the stock is currently owned by company insiders.

Everi Stock Performance

Shares of NYSE EVRI remained flat at $13.48 during trading hours on Monday. The company had a trading volume of 445,165 shares, compared to its average volume of 1,336,786. The business's fifty day simple moving average is $13.33 and its 200-day simple moving average is $11.52. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.87 and a beta of 2.07. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $13.50.

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.