Barclays PLC Trims Stock Position in Everi Holdings Inc. (NYSE:EVRI)

Barclays PLC reduced its stake in Everi Holdings Inc. (NYSE:EVRI) by 58.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 178,197 shares of the credit services provider’s stock after selling 252,878 shares during the period. Barclays PLC’s holdings in Everi were worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Signaturefd LLC raised its holdings in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 3,060 shares in the last quarter. Huntington National Bank increased its position in Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after purchasing an additional 5,470 shares during the period. Quarry LP raised its stake 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 worth $86,000 after buying an additional 2,864 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Everi in the 2nd quarter valued at approximately $104,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Everi in the second quarter valued at approximately $118,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Price Performance

EVRI stock opened at $13.50 on Thursday. The firm has a 50 day moving average of $13.41 and a 200-day moving average of $12.07. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 90.01 and a beta of 2.07. 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 $13.53.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Everi in a research report on Friday, December 20th. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi presently has an average rating of “Hold” and an average target price of $12.88.

Insider Activity at Everi

In other news, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $13.38, for a total value of $669,000.00. Following the sale, the chief financial officer now directly owns 142,426 shares in the company, valued at $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Lucchese sold 45,476 shares of Everi stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $613,016.48. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock valued at $3,435,636 in the last ninety days. Corporate insiders own 6.40% of the company’s stock.

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.