StockNews.com Begins Coverage on Everi (NYSE:EVRI)

Stock analysts at StockNews.com assumed coverage on shares of Everi (NYSE:EVRI - Get Free Report) in a report issued on Wednesday. The firm set a "hold" rating on the credit services provider's stock.

Everi Stock Performance

Shares of EVRI traded up $0.01 during mid-day trading on Wednesday, reaching $13.64. 1,329,185 shares of the company's stock were exchanged, compared to its average volume of 484,034. The business's fifty day simple moving average is $13.52 and its 200-day simple moving average is $13.06. The stock has a market capitalization of $1.18 billion, a PE ratio of 90.94 and a beta of 2.06. Everi has a 52-week low of $6.37 and a 52-week high of $13.65. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Insider Buying and Selling at Everi

In other Everi news, EVP David Lucchese sold 45,476 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.48, for a total value 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. The trade was a 7.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Geoffrey P. Judge sold 4,000 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the sale, the director now owns 91,572 shares of the company's stock, valued at $1,236,222. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Everi

Institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its stake in shares of Everi by 569.9% in the second quarter. Squarepoint Ops LLC now owns 417,266 shares of the credit services provider's stock valued at $3,505,000 after buying an additional 354,979 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Everi by 5.4% during the 2nd quarter. AQR Capital Management LLC now owns 358,563 shares of the credit services provider's stock worth $3,012,000 after purchasing an additional 18,297 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Everi by 85.7% in the 2nd quarter. Mackenzie Financial Corp now owns 24,114 shares of the credit services provider's stock valued at $203,000 after purchasing an additional 11,129 shares in the last quarter. Algert Global LLC lifted its stake in shares of Everi by 815.1% in the second quarter. Algert Global LLC now owns 159,964 shares of the credit services provider's stock valued at $1,344,000 after purchasing an additional 142,484 shares during the period. Finally, Creative Planning grew its position in Everi by 528.2% during the second quarter. Creative Planning now owns 65,041 shares of the credit services provider's stock worth $546,000 after buying an additional 54,687 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

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.