Everi (NYSE:EVRI) Reaches New 52-Week High - Here's What Happened

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $13.84 and last traded at $13.84, with a volume of 71241 shares trading hands. The stock had previously closed at $13.80.

Analyst Ratings Changes

Separately, StockNews.com raised Everi from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $12.83.

Everi Stock Performance

The company has a fifty day moving average of $13.67 and a two-hundred day moving average of $13.55. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 92.34 and a beta of 1.57. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Insider Activity at Everi

In related news, CAO Todd A. Valli sold 30,000 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $13.75, for a total value of $412,500.00. Following the transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. This represents a 34.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Geoffrey P. Judge sold 7,332 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the transaction, the director now owns 84,240 shares in the company, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everi

A number of large investors have recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in Everi during the first quarter worth about $317,000. CWA Asset Management Group LLC acquired a new stake in Everi during the first quarter worth about $1,018,000. FNY Investment Advisers LLC grew its stake in Everi by 769.2% during the first quarter. FNY Investment Advisers LLC now owns 113,000 shares of the credit services provider's stock worth $1,544,000 after buying an additional 100,000 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Everi by 1.2% during the first quarter. SummerHaven Investment Management LLC now owns 85,572 shares of the credit services provider's stock worth $1,170,000 after buying an additional 1,054 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Everi by 52.0% during the first quarter. SG Americas Securities LLC now owns 56,106 shares of the credit services provider's stock worth $767,000 after buying an additional 19,198 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.