Everi Holdings Inc. (NYSE:EVRI) Stock Holdings Trimmed by M&T Bank Corp

M&T Bank Corp lessened its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 17.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,136 shares of the credit services provider’s stock after selling 37,202 shares during the period. M&T Bank Corp owned about 0.20% of Everi worth $2,301,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Clearbridge Investments LLC raised its position in shares of Everi by 85.3% during 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 acquiring an additional 1,282,682 shares in the last quarter. Glazer Capital LLC acquired a new stake in shares of Everi during the third quarter worth $33,507,000. Alpine Associates Management Inc. bought a new position in shares of Everi in the 3rd quarter worth about $24,815,000. Westchester Capital Management LLC acquired a new position in shares of Everi in the 3rd quarter valued at about $16,662,000. Finally, Sand Grove Capital Management LLP bought a new stake in shares of Everi during the 3rd quarter valued at about $15,806,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Everi in a report on Thursday. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.88.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the transaction, the director now directly owns 91,572 shares in the company, valued at approximately $1,236,222. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly 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. In the last 90 days, insiders sold 255,476 shares of company stock worth $3,435,636. Insiders own 6.40% of the company’s stock.

Everi Price Performance

Everi stock opened at $13.47 on Friday. 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 one year low of $6.37 and a one year high of $13.50. The company has a 50-day simple moving average of $13.36 and a 200-day simple moving average of $11.69. The firm has a market capitalization of $1.16 billion, a P/E ratio of 89.77 and a beta of 2.07.

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.