Everi (NYSE:EVRI) Hits New 1-Year High – Here’s What Happened

Everi Holdings Inc. (NYSE:EVRI) shares reached a new 52-week high during trading on Friday . The company traded as high as $13.65 and last traded at $13.64, with a volume of 1329185 shares. The stock had previously closed at $13.63.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Everi in a report on Wednesday. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi currently has a consensus rating of “Hold” and a consensus target price of $12.88.

Everi Trading Up 0.1 %

The business has a 50 day moving average of $13.52 and a 200-day moving average of $13.06. The stock has a market cap of $1.18 billion, a PE ratio of 90.94 and a beta of 2.06. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insider Activity

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $13.50, for a total value of $54,000.00. Following the completion of the sale, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren Simmons sold 50,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the transaction, the executive vice president now directly owns 140,425 shares in the company, valued at approximately $1,890,120.50. This represents a 26.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,476 shares of company stock worth $3,435,636 over the last three months. 6.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Everi

A number of hedge funds have recently added to or reduced their stakes in EVRI. Jane Street Group LLC lifted its holdings in shares of Everi by 86.7% during the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock worth $2,141,000 after acquiring an additional 75,655 shares during the period. Intech Investment Management LLC purchased a new position in Everi during the third quarter worth approximately $232,000. Huntington National Bank boosted its holdings in shares of Everi by 1,296.2% in the 3rd 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. Wolverine Asset Management LLC purchased a new stake in shares of Everi during the 3rd quarter valued at $2,113,000. Finally, Franklin Resources Inc. grew its stake in shares of Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after buying an additional 2,564 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

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.