Hsbc Holdings PLC Boosts Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Hsbc Holdings PLC increased its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,734,907 shares of the credit services provider's stock after buying an additional 48,160 shares during the quarter. Hsbc Holdings PLC owned about 2.01% of Everi worth $23,421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EVRI. Franklin Resources Inc. raised its position in shares of Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock worth $550,000 after purchasing an additional 2,564 shares during the period. Geode Capital Management LLC raised its holdings in Everi by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider's stock worth $24,450,000 after buying an additional 27,670 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Everi in the fourth quarter valued at $151,000. Stifel Financial Corp grew its holdings in shares of Everi by 12.2% during the third 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 last quarter. Finally, SG Americas Securities LLC increased its position in shares of Everi by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider's stock worth $499,000 after acquiring an additional 4,772 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Insiders Place Their Bets

In related news, CAO Todd A. Valli sold 30,000 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $13.75, for a total transaction of $412,500.00. Following the completion of the sale, the chief accounting officer now owns 57,413 shares in the company, valued at approximately $789,428.75. This trade represents a 34.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the sale, the director now directly owns 84,240 shares in the company, valued at approximately $1,156,615.20. This represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by insiders.

Everi Stock Down 0.0 %

Shares of NYSE EVRI traded down $0.01 during trading on Friday, hitting $14.04. The stock had a trading volume of 393,066 shares, compared to its average volume of 1,316,754. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The firm has a fifty day moving average of $13.68 and a two-hundred day moving average of $13.56. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $14.06. The company has a market capitalization of $1.21 billion, a PE ratio of 93.57 and a beta of 1.57.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Everi has an average rating of "Hold" and an average price target of $12.83.

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.