Short Interest in Everi Holdings Inc (EVRI) Declines By 42.7%

Everi Holdings Inc (NYSE:EVRI) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 435,751 shares, a decline of 42.7% from the January 12th total of 760,127 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 674,941 shares, the short-interest ratio is presently 0.6 days.

In other news, Director E Miles Kilburn sold 150,000 shares of Everi stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total transaction of $1,200,000.00. Following the transaction, the director now directly owns 182,186 shares of the company’s stock, valued at $1,457,488. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael D. Rumbolz sold 33,366 shares of Everi stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $8.00, for a total transaction of $266,928.00. Following the transaction, the insider now directly owns 110,302 shares in the company, valued at $882,416. The disclosure for this sale can be found here. Insiders have sold a total of 192,500 shares of company stock valued at $1,540,000 in the last ninety days. Company insiders own 4.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Everi in the 4th quarter valued at $871,000. MetLife Investment Advisors LLC bought a new stake in Everi in the 4th quarter valued at $238,000. Sound Point Capital Management LP lifted its position in Everi by 48.0% in the 4th quarter. Sound Point Capital Management LP now owns 2,746,980 shares of the credit services provider’s stock valued at $20,712,000 after acquiring an additional 891,401 shares in the last quarter. PEAK6 Investments L.P. bought a new stake in Everi in the 4th quarter valued at $345,000. Finally, Millennium Management LLC lifted its position in Everi by 9.4% in the 4th quarter. Millennium Management LLC now owns 2,516,686 shares of the credit services provider’s stock valued at $18,976,000 after acquiring an additional 215,201 shares in the last quarter. 87.35% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of Everi from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Stifel Nicolaus reissued a “buy” rating and set a $11.00 price target on shares of Everi in a research report on Wednesday, November 1st. Finally, Jefferies Group assumed coverage on shares of Everi in a research report on Tuesday. They set a “buy” rating and a $11.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $8.25.

Shares of Everi (NYSE EVRI) opened at $7.57 on Friday. The company has a market cap of $509.97, a price-to-earnings ratio of -2.05 and a beta of 1.04. Everi has a 52-week low of $3.14 and a 52-week high of $8.99. The company has a debt-to-equity ratio of -9.13, a current ratio of 0.98 and a quick ratio of 0.91.

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Everi Company Profile

Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

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