Everi (NYSE:EVRI) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a report released on Tuesday morning. The firm issued a hold rating on the credit services provider’s stock.

Everi Stock Performance

NYSE EVRI opened at $13.67 on Tuesday. The firm has a 50-day moving average price of $13.67 and a two-hundred day moving average price of $13.44. Everi has a 12-month low of $6.37 and a 12-month high of $13.83. The company has a market capitalization of $1.18 billion, a P/E ratio of 91.11 and a beta of 2.05. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 6.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Everi

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVRI. Huntington National Bank raised its stake 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 worth $77,000 after acquiring an additional 5,470 shares in the last quarter. Alpine Associates Management Inc. acquired a new position in Everi during the 3rd quarter worth approximately $24,815,000. King Luther Capital Management Corp increased its position in Everi by 41.9% during the 3rd quarter. King Luther Capital Management Corp now owns 390,796 shares of the credit services provider’s stock worth $5,135,000 after purchasing an additional 115,485 shares in the last quarter. Intech Investment Management LLC bought a new position in Everi in the 3rd quarter valued at approximately $232,000. Finally, Walleye Capital LLC acquired a new stake in Everi in the third quarter valued at approximately $255,000. 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.