Everi (NYSE:EVRI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI - Free Report) in a research note issued to investors on Monday. The brokerage issued a hold rating on the credit services provider's stock.

Everi Stock Down 0.3 %

Shares of EVRI stock traded down $0.04 during trading on Monday, reaching $13.65. The company's stock had a trading volume of 328,282 shares, compared to its average volume of 575,210. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 90.97 and a beta of 2.05. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi has a 1-year low of $6.37 and a 1-year high of $13.83. The stock's 50-day moving average price is $13.66 and its 200 day moving average price is $13.42.

Insider Transactions at Everi

In related news, EVP Darren Simmons sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the sale, the executive vice president now owns 140,425 shares of the company's stock, valued at $1,890,120.50. This trade represents a 26.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.40% of the company's stock.

Remove Ads

Institutional Investors Weigh In On Everi

Several institutional investors have recently modified their holdings of EVRI. Polar Asset Management Partners Inc. purchased a new stake in Everi during the fourth quarter worth approximately $4,728,000. Burgundy Asset Management Ltd. grew its stake in shares of Everi by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 731,635 shares of the credit services provider's stock valued at $9,884,000 after purchasing an additional 12,454 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Everi by 4.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 237,330 shares of the credit services provider's stock valued at $3,206,000 after purchasing an additional 10,144 shares during the last quarter. Western Standard LLC raised its stake in shares of Everi by 0.8% during the fourth quarter. Western Standard LLC now owns 144,650 shares of the credit services provider's stock worth $1,954,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Sagefield Capital LP raised its stake in shares of Everi by 77.7% during the fourth quarter. Sagefield Capital LP now owns 144,318 shares of the credit services provider's stock worth $1,950,000 after purchasing an additional 63,118 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Everi Company 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.