Monimus Capital Management LP Takes Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Monimus Capital Management LP bought a new position in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 165,405 shares of the company's stock, valued at approximately $5,176,000. Endeavor Group makes up about 4.9% of Monimus Capital Management LP's portfolio, making the stock its 4th largest holding.

A number of other hedge funds have also added to or reduced their stakes in EDR. Athos Capital Ltd boosted its stake in shares of Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company's stock valued at $220,460,000 after purchasing an additional 4,447,000 shares in the last quarter. Polar Asset Management Partners Inc. boosted its stake in shares of Endeavor Group by 300.0% during the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company's stock valued at $57,120,000 after purchasing an additional 1,500,000 shares in the last quarter. LMR Partners LLP boosted its stake in shares of Endeavor Group by 41.6% during the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company's stock valued at $125,486,000 after purchasing an additional 1,290,867 shares in the last quarter. Whitefort Capital Management LP bought a new position in shares of Endeavor Group during the third quarter valued at approximately $28,560,000. Finally, Barclays PLC boosted its stake in shares of Endeavor Group by 5,247.7% during the third quarter. Barclays PLC now owns 318,188 shares of the company's stock valued at $9,087,000 after purchasing an additional 312,238 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EDR shares. StockNews.com downgraded shares of Endeavor Group from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.86.

Endeavor Group Stock Performance

Shares of NYSE EDR traded up $0.01 during midday trading on Wednesday, reaching $29.01. The company had a trading volume of 1,039,979 shares, compared to its average volume of 2,990,178. The business's 50-day simple moving average is $30.82 and its 200 day simple moving average is $29.91. The stock has a market cap of $19.91 billion, a P/E ratio of -14.15 and a beta of 0.72. Endeavor Group Holdings, Inc. has a 1 year low of $24.41 and a 1 year high of $35.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, February 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. Endeavor Group's dividend payout ratio (DPR) is presently -9.02%.

Insider Buying and Selling

In related news, insider Mark S. Shapiro sold 74,525 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $30.04, for a total transaction of $2,238,731.00. Following the sale, the insider now owns 221,777 shares in the company, valued at approximately $6,662,181.08. This trade represents a 25.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Lublin sold 50,000 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $29.98, for a total transaction of $1,499,000.00. Following the sale, the chief financial officer now owns 219,613 shares in the company, valued at approximately $6,583,997.74. This represents a 18.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 1,212,077 shares of company stock valued at $191,824,043 and sold 146,905 shares valued at $4,418,864. 63.90% of the stock is currently owned by corporate insiders.

Endeavor Group Company Profile

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.