Charles Schwab Investment Management Inc. Decreases Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Charles Schwab Investment Management Inc. lessened its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 803,768 shares of the credit services provider's stock after selling 78,583 shares during the period. Charles Schwab Investment Management Inc. owned 0.93% of Everi worth $10,859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Everi during the 4th quarter valued at $151,000. Stifel Financial Corp grew its position in shares of Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after purchasing an additional 1,423 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Everi in the fourth quarter valued at $175,000. Quarry LP raised its stake in shares of Everi by 59.5% during the 3rd quarter. Quarry LP now owns 16,320 shares of the credit services provider's stock valued at $214,000 after purchasing an additional 6,090 shares during the period. Finally, MML Investors Services LLC purchased a new stake in Everi during the 3rd quarter worth about $223,000. Institutional investors own 95.47% of the company's stock.

Insider Buying and Selling at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.40% of the company's stock.

Remove Ads

Everi Price Performance

NYSE:EVRI traded down $0.03 during trading hours on Tuesday, hitting $13.63. 583,421 shares of the company's stock traded hands, compared to its average volume of 1,190,317. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.83. The business's fifty day simple moving average is $13.67 and its two-hundred day simple moving average is $13.46. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The firm has a market cap of $1.18 billion, a P/E ratio of 90.87 and a beta of 2.05.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Everi in a research report on Tuesday, March 18th. They set a "hold" rating on the stock. Five equities 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 target price of $12.83.

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.