Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC cut its stake in Everi Holdings Inc. (NYSE:EVRI) by 24.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,724 shares of the credit services provider’s stock after selling 4,194 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Everi were worth $172,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Huntington National Bank raised its position in Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after purchasing an additional 5,470 shares during the period. Quarry LP increased its position 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 purchasing an additional 2,864 shares during the last quarter. Stifel Financial Corp raised its holdings in Everi by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after buying an additional 1,423 shares during the period. FNY Investment Advisers LLC acquired a new position in Everi in the fourth quarter valued at about $175,000. Finally, GAM Holding AG purchased a new position in Everi during the third quarter worth about $197,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, EVP Darren Simmons sold 50,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the sale, the executive vice president now directly owns 140,425 shares in the company, valued at approximately $1,890,120.50. This trade represents a 26.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linster W. Fox sold 40,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $539,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 255,476 shares of company stock worth $3,435,636 in the last ninety days. 6.40% of the stock is owned by corporate insiders.

Everi Stock Down 0.0 %

Shares of EVRI opened at $13.61 on Thursday. The company’s 50-day simple moving average is $13.51 and its 200-day simple moving average is $12.99. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $13.65. The stock has a market capitalization of $1.17 billion, a PE ratio of 90.71 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.