Cigogne Management SA Invests $3.68 Million in Everi Holdings Inc. (NYSE:EVRI)

Cigogne Management SA acquired a new stake in Everi Holdings Inc. (NYSE:EVRI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 272,350 shares of the credit services provider's stock, valued at approximately $3,679,000. Everi comprises about 2.2% of Cigogne Management SA's portfolio, making the stock its 12th biggest position. Cigogne Management SA owned about 0.32% of Everi as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EVRI. Vestcor Inc bought a new stake in shares of Everi in the fourth quarter worth about $28,000. AlphaQuest LLC increased its holdings in shares of Everi by 97.8% in the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock worth $128,000 after acquiring an additional 4,671 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Everi in the fourth quarter worth about $151,000. FNY Investment Advisers LLC bought a new stake in shares of Everi in the fourth quarter worth about $175,000. Finally, Stifel Financial Corp increased its holdings in shares of Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock worth $172,000 after acquiring an additional 1,423 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Insider Activity at Everi

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

Everi Stock Up 1.0 %

Shares of EVRI stock traded up $0.14 on Tuesday, hitting $13.99. 3,450,750 shares of the stock were exchanged, compared to its average volume of 1,288,968. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The firm has a market capitalization of $1.21 billion, a P/E ratio of 93.24 and a beta of 1.57. The business has a 50-day moving average of $13.67 and a 200 day moving average of $13.55. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $14.02.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Everi from a "hold" rating to a "buy" rating in a 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $12.83.

About Everi

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.