Everi (NYSE:EVRI) Hits New 12-Month High - Here's What Happened

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $13.57 and last traded at $13.55, with a volume of 24822 shares. The stock had previously closed at $13.54.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Everi in a report on Monday. They set a "hold" rating for the company. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.88.

Everi Trading Up 0.1 %

The firm's 50 day simple moving average is $13.45 and its two-hundred day simple moving average is $12.56. The stock has a market capitalization of $1.17 billion, a P/E ratio of 90.41 and a beta of 2.06. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Activity at Everi

In other news, Director Linster W. Fox sold 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $539,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Geoffrey P. Judge sold 16,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the transaction, the director now owns 91,572 shares in the company, valued at $1,224,317.64. This represents a 14.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock valued at $3,435,636 in the last three months. Corporate insiders own 6.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank boosted its stake in shares of Everi by 1,296.2% in the 3rd 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 during the last quarter. Quarry LP lifted its holdings in Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock worth $86,000 after acquiring an additional 2,864 shares during the period. Magnetar Financial LLC purchased a new position in Everi in the second quarter worth $104,000. MQS Management LLC bought a new position in Everi in the 2nd quarter valued at $141,000. Finally, Stifel Financial Corp increased its position in shares of Everi by 12.2% during the 3rd 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 during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.