Charles Schwab Investment Management Inc. lifted its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,836,023 shares of the company's stock after buying an additional 57,154 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.27% of Endeavor Group worth $57,449,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Athos Capital Ltd lifted its position in Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company's stock worth $220,460,000 after acquiring an additional 4,447,000 shares during the last quarter. LMR Partners LLP lifted its holdings in Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company's stock worth $125,486,000 after purchasing an additional 1,290,867 shares during the last quarter. Geode Capital Management LLC boosted its stake in Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company's stock valued at $59,367,000 after purchasing an additional 79,212 shares during the period. Polar Asset Management Partners Inc. grew its holdings in Endeavor Group by 300.0% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company's stock valued at $57,120,000 after buying an additional 1,500,000 shares in the last quarter. Finally, Whitefort Capital Management LP bought a new position in Endeavor Group during the 3rd quarter worth $28,560,000. Institutional investors own 74.99% of the company's stock.
Insider Transactions at Endeavor Group
In other Endeavor Group news, CAO Seth D. Krauss sold 13,280 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $30.03, for a total value of $398,798.40. Following the sale, the chief accounting officer now directly owns 101,116 shares of the company's stock, valued at approximately $3,036,513.48. This represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William K. Fullerton sold 6,875 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $31.17, for a total transaction of $214,293.75. Following the sale, the chief accounting officer now owns 53,255 shares in the company, valued at approximately $1,659,958.35. This represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 1,475,277 shares of company stock valued at $230,506,547 and have sold 146,905 shares valued at $4,418,864. Corporate insiders own 63.90% of the company's stock.
Wall Street Analyst Weigh In
EDR has been the topic of several research reports. Seaport Res Ptn downgraded shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Endeavor Group from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $27.86.
View Our Latest Stock Report on Endeavor Group
Endeavor Group Price Performance
EDR stock traded up $0.01 during trading on Friday, reaching $28.86. The company's stock had a trading volume of 308,318 shares, compared to its average volume of 3,018,470. The company has a market capitalization of $19.80 billion, a P/E ratio of -14.10 and a beta of 0.72. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a 1 year low of $24.41 and a 1 year high of $35.99. The company's fifty day moving average is $30.95 and its 200-day moving average is $29.85.
Endeavor Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.06 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. Endeavor Group's dividend payout ratio is currently -9.02%.
Endeavor Group Company Profile
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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.
Further Reading
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