Everi Holdings Inc. (NYSE:EVRI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Everi Holdings Inc. (NYSE:EVRI) by 65.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 448,787 shares of the credit services provider’s stock after selling 838,493 shares during the period. JPMorgan Chase & Co.’s holdings in Everi were worth $5,897,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EVRI. Franklin Resources Inc. boosted its holdings in Everi by 6.6% in the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after purchasing an additional 2,564 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Everi in the 3rd quarter valued at approximately $878,000. Geode Capital Management LLC raised its position 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 valued at $24,450,000 after purchasing an additional 27,670 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of Everi during the 3rd quarter valued at approximately $223,000. Finally, Jane Street Group LLC grew its position in shares of Everi by 86.7% during the third quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock worth $2,141,000 after buying an additional 75,655 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Darren Simmons sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $13.46, for a total transaction of $673,000.00. Following the completion of the sale, the executive vice president now owns 140,425 shares of the company’s stock, valued at $1,890,120.50. This represents a 26.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Lucchese sold 45,476 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $613,016.48. Following the sale, the executive vice president now owns 542,928 shares in the company, valued at approximately $7,318,669.44. This trade represents a 7.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Everi Trading Down 0.0 %

Shares of NYSE EVRI opened at $13.60 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The stock’s 50 day moving average price is $13.47 and its two-hundred day moving average price is $12.64. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $13.65. The stock has a market capitalization of $1.17 billion, a P/E ratio of 90.64 and a beta of 2.06.

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.