272,350 Shares in Everi Holdings Inc. (NYSE:EVRI) Bought by Cigogne Management SA

Cigogne Management SA purchased a new stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 272,350 shares of the credit services provider's stock, valued at approximately $3,679,000. Everi accounts for 2.2% of Cigogne Management SA's portfolio, making the stock its 12th largest holding. Cigogne Management SA owned approximately 0.32% of Everi at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EVRI. Highbridge Capital Management LLC raised its holdings in Everi by 147.8% in the fourth quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider's stock valued at $18,811,000 after buying an additional 830,470 shares during the period. Marshall Wace LLP increased its position in shares of Everi by 3,126.6% in the fourth quarter. Marshall Wace LLP now owns 429,133 shares of the credit services provider's stock worth $5,798,000 after acquiring an additional 415,833 shares in the last quarter. Water Island Capital LLC raised its stake in shares of Everi by 14.5% in the 4th quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider's stock valued at $39,516,000 after acquiring an additional 370,704 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Everi in the 4th quarter valued at $4,361,000. Finally, Orvieto Partners L.P. acquired a new position in shares of Everi during the 4th quarter valued at $3,175,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Everi Price Performance

Shares of EVRI stock opened at $13.79 on Thursday. The firm has a fifty day simple moving average of $13.66 and a 200-day simple moving average of $13.53. The company has a market capitalization of $1.19 billion, a PE ratio of 91.94 and a beta of 1.57. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.83. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insider Buying and Selling at Everi

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Everi from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.83.

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.

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