Quest Partners LLC Sells 69,142 Shares of Everi Holdings Inc. (NYSE:EVRI)

Quest Partners LLC trimmed its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 93.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,778 shares of the credit services provider's stock after selling 69,142 shares during the quarter. Quest Partners LLC's holdings in Everi were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of Everi by 2,428.6% during the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 3,060 shares during the last quarter. CWM LLC raised its position in Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock worth $30,000 after acquiring an additional 1,897 shares during the period. 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. Quarry LP lifted its stake in Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock valued at $86,000 after purchasing an additional 2,864 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in Everi during the second quarter valued at $104,000. Institutional investors own 95.47% of the company's stock.

Everi Stock Up 0.1 %

Shares of Everi stock traded up $0.01 during trading on Friday, hitting $13.47. The company's stock had a trading volume of 301,608 shares, compared to its average volume of 530,234. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.48. The company has a market capitalization of $1.16 billion, a PE ratio of 89.81 and a beta of 2.13. The company has a fifty day simple moving average of $13.30 and a two-hundred day simple moving average of $11.28. 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, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the sale, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. This trade represents a 28.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Geoffrey P. Judge sold 16,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the transaction, the director now directly owns 91,572 shares of the company's stock, valued at approximately $1,224,317.64. This trade represents a 14.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 141,000 shares of company stock valued at $1,865,420 over the last 90 days. Corporate insiders own 6.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EVRI. StockNews.com assumed coverage on Everi in a research report on Tuesday, November 26th. They set a "hold" rating on the stock. B. Riley lifted their target price on shares of Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi has a consensus rating of "Hold" and an average target price of $12.88.

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.