Everi Holdings Inc. (NYSE:EVRI) Short Interest Update

Everi Holdings Inc. (NYSE:EVRI) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 2,770,000 shares, a decrease of 5.1% from the December 31st total of 2,920,000 shares. Based on an average daily trading volume, of 551,400 shares, the days-to-cover ratio is currently 5.0 days. Currently, 3.3% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Everi in a research report on Wednesday, January 29th. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.88.

Insider Buying and Selling at Everi

In other Everi news, CFO Mark F. Labay sold 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the sale, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 91,572 shares in the company, valued at $1,236,222. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Glazer Capital LLC acquired a new position in Everi during the third quarter worth $33,507,000. Alpine Associates Management Inc. acquired a new stake in shares of Everi in the third quarter valued at $24,815,000. Clearbridge Investments LLC increased its stake in shares of Everi by 85.3% in the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock valued at $23,400,000 after buying an additional 1,282,682 shares in the last quarter. Westchester Capital Management LLC acquired a new stake in shares of Everi in the third quarter valued at $16,662,000. Finally, Sand Grove Capital Management LLP acquired a new stake in shares of Everi in the third quarter valued at $15,806,000. 95.47% of the stock is owned by institutional investors.

Everi Stock Down 0.2 %

EVRI opened at $13.62 on Tuesday. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.77 and a beta of 2.05. Everi has a 1-year low of $6.37 and a 1-year high of $13.65. The business has a 50 day moving average of $13.53 and a 200-day moving average of $13.13. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

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.