StockNews.com Begins Coverage on Everi (NYSE:EVRI)

Equities researchers at StockNews.com started coverage on shares of Everi (NYSE:EVRI - Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a "buy" rating on the credit services provider's stock.

Everi Price Performance

Shares of NYSE EVRI traded down $0.02 during trading hours on Wednesday, reaching $13.60. 639,045 shares of the stock traded hands, compared to its average volume of 1,212,511. The company has a market capitalization of $1.18 billion, a P/E ratio of 90.64 and a beta of 2.05. The company's 50-day simple moving average is $13.67 and its two-hundred day simple moving average is $13.47. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi has a 52-week low of $6.37 and a 52-week high of $13.83.

Insider Activity

In related news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the sale, the director now directly owns 84,240 shares of the company's stock, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everi

A number of large investors have recently made changes to their positions in EVRI. California State Teachers Retirement System lifted its stake in Everi by 1.3% in the fourth quarter. California State Teachers Retirement System now owns 80,128 shares of the credit services provider's stock worth $1,083,000 after acquiring an additional 999 shares during the period. CIBRA Capital Ltd bought a new position in Everi in the 4th quarter worth $1,351,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Everi in the 4th quarter worth about $4,728,000. Burgundy Asset Management Ltd. boosted its stake in shares of Everi by 1.7% during 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Everi by 4.5% during the fourth 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 buying an additional 10,144 shares during the period. 95.47% of the stock is currently owned by institutional investors.

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.