Banco BTG Pactual S.A. acquired a new stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,556 shares of the company's stock, valued at approximately $361,000.
A number of other large investors also recently bought and sold shares of the business. Blue Trust Inc. raised its position in shares of Endeavor Group by 176.1% in the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company's stock worth $66,000 after acquiring an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Endeavor Group in the fourth quarter worth about $96,000. FMR LLC lifted its position in shares of Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company's stock valued at $159,000 after buying an additional 2,248 shares during the last quarter. KBC Group NV boosted its holdings in shares of Endeavor Group by 65.3% in the 4th quarter. KBC Group NV now owns 7,191 shares of the company's stock valued at $225,000 after buying an additional 2,842 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Endeavor Group in the 4th quarter worth approximately $233,000. Institutional investors own 74.99% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on EDR shares. Seaport Res Ptn cut shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 11th. StockNews.com cut Endeavor Group from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $27.50.
View Our Latest Analysis on EDR
Insider Buying and Selling
In related news, insider Canada Pension Plan Investment sold 21,038,712 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $27.50, for a total transaction of $578,564,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Lublin sold 50,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $29.98, for a total value of $1,499,000.00. Following the sale, the chief financial officer now directly owns 219,613 shares in the company, valued at $6,583,997.74. This represents a 18.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 1,212,077 shares of company stock valued at $191,824,043 and sold 21,185,617 shares valued at $582,983,444. Corporate insiders own 63.90% of the company's stock.
Endeavor Group Stock Performance
Shares of EDR traded up $1.22 during trading hours on Friday, reaching $30.05. 38,272,387 shares of the company traded hands, compared to its average volume of 3,179,563. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average price of $30.69 and a 200-day moving average price of $30.02. Endeavor Group Holdings, Inc. has a 12-month low of $25.07 and a 12-month high of $35.99. The stock has a market capitalization of $20.62 billion, a P/E ratio of -14.66 and a beta of 0.72.
Endeavor Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, February 28th. Endeavor Group's payout ratio is -9.02%.
About Endeavor Group
(
Free Report)
Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.
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