Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Fmr LLC

FMR LLC lowered its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 99.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 14,683 shares of the credit services provider's stock after selling 3,173,479 shares during the quarter. FMR LLC's holdings in Everi were worth $193,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC raised its holdings in shares of Everi by 85.3% during the second 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 during the last quarter. Alpine Associates Management Inc. acquired a new stake in Everi during the 3rd quarter worth about $24,815,000. Burgundy Asset Management Ltd. raised its stake in shares of Everi by 1,230.8% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider's stock valued at $5,745,000 after buying an additional 632,544 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Everi by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 645,400 shares of the credit services provider's stock valued at $5,421,000 after buying an additional 26,138 shares during the last quarter. Finally, Long Pond Capital LP acquired a new position in shares of Everi in the 2nd quarter valued at about $4,453,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Insider Activity at Everi

In related news, Director Linster W. Fox sold 40,000 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $13.48, for a total transaction of $539,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Geoffrey P. Judge sold 16,000 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the transaction, the director now directly owns 91,572 shares in the company, valued at $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,476 shares of company stock worth $3,435,636 in the last 90 days. Corporate insiders own 6.40% of the company's stock.

Analyst Ratings Changes

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

Everi Price Performance

Shares of Everi stock traded down $0.01 during trading hours on Friday, reaching $13.49. The stock had a trading volume of 1,100,633 shares, compared to its average volume of 1,312,673. The stock's 50 day moving average is $13.39 and its 200 day moving average is $11.98. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.53. The firm has a market capitalization of $1.16 billion, a PE ratio of 89.94 and a beta of 2.07.

Everi 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.