Dimensional Fund Advisors LP Lowers Stake in Everi Holdings Inc. (NYSE:EVRI)

Dimensional Fund Advisors LP lessened its holdings in Everi Holdings Inc. (NYSE:EVRI) by 5.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 715,885 shares of the credit services provider’s stock after selling 39,130 shares during the quarter. Dimensional Fund Advisors LP owned about 0.85% of Everi worth $6,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. grew its stake in shares of Everi by 13.7% in the first quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock worth $5,495,000 after acquiring an additional 66,033 shares during the last quarter. Vista Investment Partners LLC purchased a new position in Everi in the second quarter worth about $346,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Everi in the first quarter worth approximately $1,168,000. Private Capital Management LLC grew its holdings in shares of Everi by 19.8% during the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after buying an additional 461,939 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Everi by 67.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock valued at $20,841,000 after acquiring an additional 745,022 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

EVRI has been the topic of several analyst reports. B. Riley increased their target price on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research note on Monday, August 5th. Truist Financial dropped their price objective on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. StockNews.com began coverage on shares of Everi in a research note on Wednesday. They set a “hold” rating on the stock. Raymond James restated a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $14.25 price target (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.50.

Insiders Place Their Bets

In other news, EVP Darren Simmons sold 75,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the sale, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at $2,494,567.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP David Lucchese sold 4,124 shares of Everi stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total transaction of $53,570.76. Following the sale, the executive vice president now owns 588,404 shares in the company, valued at $7,643,367.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,417 shares of company stock worth $1,713,281. Company insiders own 6.40% of the company’s stock.

Everi Trading Up 0.1 %

Shares of Everi stock opened at $13.17 on Wednesday. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.35. The company’s fifty day simple moving average is $13.05 and its 200-day simple moving average is $10.08. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.05 and a quick ratio of 0.95. The stock has a market capitalization of $1.11 billion, a PE ratio of 20.25 and a beta of 2.15.

Everi (NYSE:EVRI) last released its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The business had revenue of $191.19 million during the quarter, compared to analyst estimates of $190.00 million. As a group, equities analysts anticipate that Everi Holdings Inc. will post 0.49 earnings per share for the current year.

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.