Illinois Municipal Retirement Fund Makes New Investment in Endeavor Group Holdings, Inc. (NYSE:EDR)

Illinois Municipal Retirement Fund bought a new stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 59,609 shares of the company's stock, valued at approximately $1,865,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EDR. CIBC Asset Management Inc raised its holdings in Endeavor Group by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 9,108 shares of the company's stock worth $285,000 after purchasing an additional 447 shares in the last quarter. Tidal Investments LLC increased its position in shares of Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company's stock valued at $243,000 after buying an additional 620 shares during the period. Mirador Capital Partners LP raised its stake in Endeavor Group by 3.0% in the fourth quarter. Mirador Capital Partners LP now owns 27,057 shares of the company's stock worth $847,000 after buying an additional 792 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Endeavor Group by 2.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company's stock worth $1,165,000 after buying an additional 1,066 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company's stock worth $66,000 after buying an additional 1,469 shares during the period. Hedge funds and other institutional investors own 74.99% of the company's stock.

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Endeavor Group Stock Down 0.9 %

Shares of EDR traded down $0.27 on Tuesday, hitting $28.82. 1,916,620 shares of the stock traded hands, compared to its average volume of 1,855,929. The business has a 50 day simple moving average of $31.35 and a 200 day simple moving average of $29.81. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. Endeavor Group Holdings, Inc. has a one year low of $24.21 and a one year high of $35.99. The company has a market capitalization of $19.72 billion, a PE ratio of -14.06 and a beta of 0.74.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. Endeavor Group's payout ratio is -9.02%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EDR. StockNews.com lowered Endeavor Group from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Seaport Res Ptn downgraded Endeavor Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $27.86.

Insider Activity at Endeavor Group

In other news, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the transaction, the chief accounting officer now owns 53,255 shares in the company, valued at $1,659,958.35. This represents a 11.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the firm's stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the transaction, the insider now directly owns 418,587 shares of the company's stock, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,535,485 shares of company stock worth $239,160,243 and have sold 146,905 shares worth $4,418,864. 63.90% of the stock is owned by insiders.

About Endeavor Group

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.