Credit Industriel ET Commercial Takes Position in Everi Holdings Inc. (NYSE:EVRI)

Credit Industriel ET Commercial purchased a new position in Everi Holdings Inc. (NYSE:EVRI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 168,750 shares of the credit services provider's stock, valued at approximately $2,280,000. Credit Industriel ET Commercial owned 0.20% of Everi as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cigogne Management SA bought a new stake in shares of Everi during the 4th quarter worth approximately $3,679,000. Orvieto Partners L.P. acquired a new stake in shares of Everi in the 4th quarter valued at $3,175,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of Everi by 11.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,214,219 shares of the credit services provider's stock worth $29,914,000 after buying an additional 229,477 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Everi by 2.9% during the 4th quarter. Hsbc Holdings PLC now owns 1,734,907 shares of the credit services provider's stock worth $23,421,000 after buying an additional 48,160 shares during the last quarter. Finally, ClearAlpha Technologies LP boosted its stake in Everi by 5.4% in the fourth quarter. ClearAlpha Technologies LP now owns 146,456 shares of the credit services provider's stock valued at $1,979,000 after buying an additional 7,441 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Wall Street Analyst Weigh In

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

Everi Trading Up 0.9 %

Shares of Everi stock traded up $0.13 on Tuesday, hitting $13.98. The stock had a trading volume of 3,554,496 shares, compared to its average volume of 1,289,297. 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 twelve month low of $6.37 and a twelve month high of $14.02. The stock has a 50 day moving average of $13.67 and a 200 day moving average of $13.55. The firm has a market capitalization of $1.21 billion, a P/E ratio of 93.17 and a beta of 1.57.

Insider Buying and Selling

In other news, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction on Monday, March 10th. The shares were 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 $1,156,615.20. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Todd A. Valli sold 30,000 shares of the business's stock in a transaction on 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 transaction, the chief accounting officer now owns 57,413 shares in the company, valued at approximately $789,428.75. The trade was a 34.32 % decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by insiders.

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.