New York Life Investment Management LLC Sells 21,048 Shares of Everi Holdings Inc. (NYSE:EVRI)

New York Life Investment Management LLC decreased its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 286,535 shares of the credit services provider's stock after selling 21,048 shares during the quarter. New York Life Investment Management LLC owned approximately 0.33% of Everi worth $3,871,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EVRI. Huntington National Bank increased its stake in shares of Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider's stock worth $77,000 after purchasing an additional 5,470 shares during the last quarter. Stifel Financial Corp increased its stake 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 worth $172,000 after purchasing an additional 1,423 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Everi during the 4th quarter worth $175,000. Quarry LP increased its stake in shares of Everi by 59.5% during the 3rd quarter. Quarry LP now owns 16,320 shares of the credit services provider's stock worth $214,000 after purchasing an additional 6,090 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in Everi in the 3rd quarter valued at $223,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

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

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Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $13.50, for a total value of $54,000.00. Following the completion of the sale, the director now directly owns 91,572 shares of the company's stock, valued at $1,236,222. This represents a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren Simmons sold 50,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total transaction of $673,000.00. Following the completion of the sale, the executive vice president now directly owns 140,425 shares of the company's stock, valued at approximately $1,890,120.50. This trade represents a 26.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,476 shares of company stock worth $1,879,216. 6.40% of the stock is owned by insiders.

Everi Stock Performance

NYSE:EVRI traded up $0.02 during midday trading on Wednesday, reaching $13.74. The stock had a trading volume of 546,629 shares, compared to its average volume of 549,877. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.83. The firm's fifty day simple moving average is $13.63 and its 200-day simple moving average is $13.40. 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 stock has a market capitalization of $1.18 billion, a P/E ratio of 91.57 and a beta of 2.05.

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.