Clark Estates Inc. NY Trims Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Clark Estates Inc. NY cut its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 16.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 317,250 shares of the credit services provider's stock after selling 64,500 shares during the quarter. Everi accounts for 0.8% of Clark Estates Inc. NY's investment portfolio, making the stock its 20th biggest holding. Clark Estates Inc. NY owned approximately 0.37% of Everi worth $4,169,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in Everi during the 3rd quarter worth about $232,000. King Luther Capital Management Corp boosted its stake in shares of Everi by 41.9% during the 3rd quarter. King Luther Capital Management Corp now owns 390,796 shares of the credit services provider's stock worth $5,135,000 after purchasing an additional 115,485 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of Everi during the 3rd quarter worth about $24,815,000. Huntington National Bank grew its holdings 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 worth $77,000 after buying an additional 5,470 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of Everi in the third quarter valued at approximately $2,113,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Everi

In other Everi news, EVP Darren Simmons sold 75,000 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the sale, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. The trade was a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the sale, the director now directly owns 91,572 shares of the company's stock, valued at $1,224,317.64. The trade was a 14.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 141,000 shares of company stock worth $1,865,420. 6.40% of the stock is owned by insiders.

Everi Trading Down 0.1 %

Shares of EVRI traded down $0.02 during mid-day trading on Wednesday, reaching $13.46. The company had a trading volume of 489,409 shares, compared to its average volume of 1,363,963. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.48. The firm has a fifty day simple moving average of $13.28 and a 200-day simple moving average of $11.18. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 89.87 and a beta of 2.13. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EVRI. StockNews.com began coverage on shares of Everi in a research report on Tuesday. They set a "hold" rating on the stock. B. Riley upped their target price on Everi from $11.00 to $14.25 and gave the company a "neutral" rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $14.25 target price (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $12.88.

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.