Everi Holdings Inc. (NYSE:EVRI) EVP David Lucchese Sells 45,476 Shares

Everi Holdings Inc. (NYSE:EVRI) EVP David Lucchese sold 45,476 shares of Everi stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.48, for a total transaction of $613,016.48. Following the completion of the sale, the executive vice president now owns 542,928 shares of the company’s stock, valued at $7,318,669.44. This represents a 7.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Everi Stock Performance

Shares of EVRI stock opened at $13.46 on Wednesday. The firm has a market capitalization of $1.16 billion, a PE ratio of 89.74 and a beta of 2.07. The firm has a fifty day simple moving average of $13.34 and a two-hundred day simple moving average of $11.61. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.50.

Institutional Trading of Everi

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Capital Management LLC increased its stake in Everi by 19.8% during the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after purchasing an additional 461,939 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after acquiring an additional 1,282,682 shares in the last quarter. Glazer Capital LLC bought a new stake in shares of Everi in the 3rd quarter worth $33,507,000. Alpine Associates Management Inc. bought a new stake in shares of Everi in the 3rd quarter worth $24,815,000. Finally, Geode Capital Management LLC grew its stake in shares of Everi by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock worth $24,450,000 after acquiring an additional 27,670 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Everi in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.88.

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.