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

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI - Free Report) in a report issued on Monday morning. The brokerage issued a hold rating on the credit services provider's stock.

Everi Trading Up 0.1 %

Shares of EVRI opened at $13.53 on Monday. Everi has a 1-year low of $6.37 and a 1-year high of $13.58. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $13.45 and a 200-day simple moving average of $12.53. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 90.21 and a beta of 2.06.

Insider Activity at Everi

In other Everi news, CFO Mark F. Labay sold 50,000 shares of Everi stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the completion of the sale, the chief financial officer now owns 142,426 shares in the company, valued at $1,905,659.88. The trade was a 25.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Lucchese sold 45,476 shares of the stock in a transaction dated 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 owns 542,928 shares in the company, valued at approximately $7,318,669.44. The trade was a 7.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 255,476 shares of company stock valued at $3,435,636. Company insiders own 6.40% of the company's stock.

Hedge Funds Weigh In On Everi

A number of hedge funds have recently made changes to their positions in the stock. Clearbridge Investments LLC increased its position in Everi by 85.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider's stock worth $23,400,000 after purchasing an additional 1,282,682 shares in the last quarter. Glazer Capital LLC acquired a new stake in shares of Everi in the third quarter worth $33,507,000. Alpine Associates Management Inc. acquired a new stake in shares of Everi in the third quarter worth $24,815,000. Geode Capital Management LLC lifted its holdings in shares of Everi by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider's stock valued at $24,450,000 after acquiring an additional 27,670 shares in the last quarter. Finally, Westchester Capital Management LLC purchased a new stake in Everi during the 3rd quarter worth $16,662,000. Institutional investors and hedge funds own 95.47% 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.