M&T Bank Corp Has $1.53 Million Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

M&T Bank Corp cut its position in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 35.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,932 shares of the credit services provider's stock after selling 62,204 shares during the quarter. M&T Bank Corp owned 0.13% of Everi worth $1,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC grew its position in Everi by 86.7% in the third quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider's stock valued at $2,141,000 after acquiring an additional 75,655 shares during the last quarter. Intech Investment Management LLC bought a new position in Everi in the 3rd quarter valued at approximately $232,000. Franklin Resources Inc. boosted its position in Everi by 6.6% in the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock valued at $550,000 after buying an additional 2,564 shares in the last quarter. Huntington National Bank grew its stake in shares of Everi by 1,296.2% during the third 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. Finally, Wolverine Asset Management LLC acquired a new position in shares of Everi during the third quarter worth $2,113,000. Institutional investors own 95.47% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Everi in a report on Monday. They issued a "hold" rating for the company. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.83.

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Everi Trading Down 0.5 %

Everi stock traded down $0.07 during mid-day trading on Wednesday, hitting $13.62. 2,433,210 shares of the stock were exchanged, compared to its average volume of 625,710. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 90.77 and a beta of 2.05. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.83. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The firm's fifty day simple moving average is $13.66 and its two-hundred day simple moving average is $13.42.

Insider Activity at Everi

In other Everi news, EVP Darren Simmons sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the transaction, the executive vice president now directly owns 140,425 shares of the company's stock, valued at approximately $1,890,120.50. The trade was a 26.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.40% of the stock is owned by company insiders.

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.