Everi Holdings Inc. (NYSE:EVRI) Stake Trimmed by Kennedy Investment Group

Kennedy Investment Group lessened its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 27.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,600 shares of the credit services provider’s stock after selling 4,100 shares during the quarter. Kennedy Investment Group’s holdings in Everi were worth $143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Stifel Financial Corp grew its stake in Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after acquiring an additional 1,423 shares in the last quarter. Franklin Resources Inc. lifted its holdings 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 last quarter. Quarry LP lifted its holdings in shares of Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after buying an additional 2,864 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Everi by 1.2% during the 4th quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock valued at $3,995,000 after buying an additional 3,573 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Everi by 14.8% during the 4th quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider’s stock valued at $499,000 after buying an additional 4,772 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Everi Trading Down 0.0 %

Shares of EVRI opened at $13.61 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.06 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 $13.65. The firm has a market capitalization of $1.17 billion, a PE ratio of 90.71 and a beta of 2.06. The stock’s fifty day simple moving average is $13.51 and its 200-day simple moving average is $12.99.

Analyst Ratings Changes

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

Insider Buying and Selling at Everi

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction dated Friday, December 6th. The stock was 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 in the company, valued at $1,236,222. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the completion of the sale, the chief financial officer now owns 142,426 shares of the company’s stock, valued at $1,905,659.88. This trade represents a 25.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is currently owned by company insiders.

Everi 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.