Everi Holdings Inc. (NYSE:EVRI – Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $13.57 and last traded at $13.55, with a volume of 24822 shares changing hands. The stock had previously closed at $13.54.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Everi in a research note on Monday. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.88.
View Our Latest Report on Everi
Everi Stock Performance
Insider Transactions at Everi
In other Everi news, EVP David Lucchese sold 45,476 shares of the firm’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 $613,016.48. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Darren Simmons sold 50,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total transaction of $673,000.00. Following the sale, the executive vice president now directly owns 140,425 shares of the company’s stock, valued at $1,890,120.50. The trade was a 26.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock valued at $3,435,636 over the last 90 days. Corporate insiders own 6.40% of the company’s stock.
Hedge Funds Weigh In On Everi
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Glazer Capital LLC purchased a new stake in Everi in the 3rd quarter valued at $33,507,000. Alpine Associates Management Inc. acquired a new position in shares of Everi during the 3rd quarter valued at about $24,815,000. Clearbridge Investments LLC boosted its holdings in Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock valued at $23,400,000 after purchasing an additional 1,282,682 shares during the last quarter. Westchester Capital Management LLC acquired a new stake in shares of Everi during the 3rd quarter worth approximately $16,662,000. Finally, Sand Grove Capital Management LLP purchased a new position in Everi in the third quarter worth approximately $15,806,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Everi Company 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.
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