Clark Estates Inc. NY Reduces Position in Everi Holdings Inc. (NYSE:EVRI)

Clark Estates Inc. NY trimmed its position in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 10.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 282,963 shares of the credit services provider's stock after selling 34,287 shares during the quarter. Everi comprises about 0.7% of Clark Estates Inc. NY's investment portfolio, making the stock its 21st biggest position. Clark Estates Inc. NY owned about 0.33% of Everi worth $3,823,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank boosted its position 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 buying an additional 5,470 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Everi during the fourth quarter valued at approximately $151,000. Stifel Financial Corp raised its stake in shares of Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after acquiring an additional 1,423 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Everi during the fourth quarter valued at approximately $175,000. Finally, Quarry LP raised its stake in shares of Everi by 59.5% during the third quarter. Quarry LP now owns 16,320 shares of the credit services provider's stock valued at $214,000 after acquiring an additional 6,090 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Everi in a research note on Sunday, March 2nd. They set a "hold" rating for the company. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $12.83.

Everi Stock Down 0.1 %

NYSE:EVRI traded down $0.02 during trading hours on Friday, reaching $13.73. The company's stock had a trading volume of 847,697 shares, compared to its average volume of 568,159. The company has a market capitalization of $1.18 billion, a P/E ratio of 91.51 and a beta of 2.05. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.83. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The stock has a 50 day moving average price of $13.64 and a two-hundred day moving average price of $13.40.

Insider Buying and Selling

In other news, EVP David Lucchese sold 45,476 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 $613,016.48. Following the transaction, the executive vice president now directly owns 542,928 shares of the company's stock, valued at approximately $7,318,669.44. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $539,200.00. The disclosure for this sale can be found here. Insiders sold 135,476 shares of company stock valued at $1,825,216 over the last 90 days. Corporate insiders own 6.40% 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.