Private Capital Management LLC Sells 658,194 Shares of Everi Holdings Inc. (NYSE:EVRI)

Private Capital Management LLC lessened its holdings in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 21.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,379,175 shares of the credit services provider's stock after selling 658,194 shares during the period. Everi comprises about 6.2% of Private Capital Management LLC's portfolio, making the stock its 10th largest holding. Private Capital Management LLC owned 2.76% of Everi worth $31,262,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EVRI. Jane Street Group LLC grew its position in shares of 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 purchasing an additional 75,655 shares during the period. Intech Investment Management LLC acquired a new stake in Everi in the 3rd quarter worth about $232,000. Franklin Resources Inc. increased its stake in Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock worth $550,000 after buying an additional 2,564 shares in the last quarter. Huntington National Bank raised its holdings 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 valued at $77,000 after acquiring an additional 5,470 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Everi in the third quarter valued at approximately $2,113,000. Institutional investors and hedge funds own 95.47% of the company's stock.

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Everi Trading Down 0.3 %

Shares of NYSE EVRI traded down $0.04 during trading on Tuesday, hitting $13.72. 1,494,264 shares of the company were exchanged, compared to its average volume of 542,340. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.83. The company has a fifty day moving average price of $13.63 and a 200-day moving average price of $13.39. The firm has a market capitalization of $1.18 billion, a PE ratio of 91.44 and a beta of 2.05.

Insider Activity at Everi

In related news, EVP David Lucchese sold 45,476 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $613,016.48. Following the transaction, the executive vice president now owns 542,928 shares of the company's stock, valued at approximately $7,318,669.44. This represents a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the sale, the director now owns 91,572 shares in the company, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,476 shares of company stock worth $1,879,216. Insiders own 6.40% of the company's stock.

Wall Street Analyst Weigh In

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

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.