Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 5.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 715,885 shares of the credit services provider's stock after selling 39,130 shares during the period. Dimensional Fund Advisors LP owned 0.85% of Everi worth $6,013,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EVRI. Sei Investments Co. raised its holdings in 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 purchasing an additional 66,033 shares in the last quarter. Vista Investment Partners LLC purchased a new stake in Everi during the second quarter valued at approximately $346,000. Susquehanna Fundamental Investments LLC acquired a new stake in Everi in the first quarter valued at approximately $1,168,000. Private Capital Management LLC grew its holdings in Everi by 19.8% in the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider's stock worth $28,051,000 after purchasing 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 worth $20,841,000 after purchasing an additional 745,022 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Everi Stock Performance

Shares of EVRI stock traded up $0.02 during trading hours on Wednesday, hitting $13.17. The company's stock had a trading volume of 359,564 shares, compared to its average volume of 1,510,357. The stock has a market cap of $1.11 billion, a PE ratio of 20.26 and a beta of 2.15. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.35. The company has a 50 day moving average of $13.05 and a 200 day moving average of $10.10. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 3.94.

Everi (NYSE:EVRI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $191.19 million for the quarter, compared to the consensus estimate of $190.00 million. Everi had a return on equity of 17.86% and a net margin of 5.42%. On average, sell-side analysts forecast that Everi Holdings Inc. will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EVRI. Stifel Nicolaus restated a "hold" rating and set a $14.25 target price (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Raymond James restated a "market perform" rating on shares of Everi in a report on Monday, July 29th. StockNews.com started coverage on shares of Everi in a research note on Wednesday. They issued a "hold" rating for the company. Truist Financial cut their price target on shares of Everi from $11.00 to $10.00 and set a "hold" rating on the stock in a research note on Thursday, July 18th. Finally, B. Riley lifted their price objective on shares of Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.50.

Insider Buying and Selling at Everi

In other news, CFO Mark F. Labay sold 10,645 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $137,852.75. Following the sale, the chief financial officer now owns 192,426 shares of the company's stock, valued at $2,491,916.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Darren Simmons sold 75,000 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 in the company, valued at $2,494,567.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark F. Labay sold 10,645 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $137,852.75. Following the transaction, the chief financial officer now owns 192,426 shares in the company, valued at $2,491,916.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,417 shares of company stock valued at $1,713,281. 6.40% of the stock is owned by company insiders.

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.