Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Barclays PLC

Barclays PLC lowered its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 58.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,197 shares of the credit services provider's stock after selling 252,878 shares during the quarter. Barclays PLC owned 0.21% of Everi worth $2,340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in EVRI. Clearbridge Investments LLC lifted its holdings in shares of Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider's stock worth $23,400,000 after acquiring an additional 1,282,682 shares during the last quarter. Glazer Capital LLC bought a new stake in Everi in the third quarter worth about $33,507,000. Alpine Associates Management Inc. bought a new stake in Everi in the third quarter worth about $24,815,000. Westchester Capital Management LLC purchased a new position in shares of Everi during the third quarter valued at approximately $16,662,000. Finally, Sand Grove Capital Management LLP bought a new position in shares of Everi during the third quarter valued at approximately $15,806,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP David Lucchese sold 45,476 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $13.48, for a total value of $613,016.48. Following the completion of the sale, the executive vice president now owns 542,928 shares in the company, valued at approximately $7,318,669.44. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Geoffrey P. Judge sold 16,000 shares of the company's stock in a transaction that occurred 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. Insiders have sold 255,476 shares of company stock worth $3,435,636 in the last ninety days. 6.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Everi in a research note on Friday, December 20th. They set a "hold" rating for the company. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.88.

Everi Trading Up 0.1 %

Shares of Everi stock traded up $0.02 on Thursday, hitting $13.52. 293,527 shares of the company traded hands, compared to its average volume of 1,299,856. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The company has a market cap of $1.17 billion, a PE ratio of 90.14 and a beta of 2.07. The stock's 50 day moving average price is $13.41 and its 200-day moving average price is $12.07. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.53.

About Everi

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.