Verition Fund Management LLC Has $1.76 Million Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Verition Fund Management LLC grew its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 623.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,193 shares of the credit services provider's stock after buying an additional 115,644 shares during the quarter. Verition Fund Management LLC owned approximately 0.16% of Everi worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in EVRI. Walleye Capital LLC bought a new position in Everi during the third quarter valued at about $255,000. Intech Investment Management LLC acquired a new position in shares of Everi during the 3rd quarter valued at about $232,000. King Luther Capital Management Corp raised its stake in shares of Everi by 41.9% in the 3rd quarter. King Luther Capital Management Corp now owns 390,796 shares of the credit services provider's stock valued at $5,135,000 after acquiring an additional 115,485 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in Everi during the third quarter worth approximately $24,815,000. Finally, Huntington National Bank grew its holdings in 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 purchasing an additional 5,470 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Everi news, Chairman Michael D. Rumbolz sold 50,000 shares of Everi stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total transaction of $673,500.00. Following the sale, the chairman now owns 1,032,062 shares in the company, valued at $13,901,875.14. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren Simmons sold 75,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the transaction, the executive vice president now owns 190,425 shares of the company's stock, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 195,000 shares of company stock worth $2,592,920 in the last ninety days. Insiders own 6.40% of the company's stock.

Everi Stock Performance

Shares of EVRI remained flat at $13.48 during mid-day trading on Friday. The stock had a trading volume of 364,742 shares, compared to its average volume of 468,822. The business has a 50 day moving average of $13.33 and a 200-day moving average of $11.49. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.87 and a beta of 2.07. 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 Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.50.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Everi in a report on Wednesday. They set a "hold" rating for the company. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.88.

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.