37,497 Shares in Endeavor Group Holdings, Inc. (NYSE:EDR) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 37,497 shares of the company's stock, valued at approximately $1,014,000.

A number of other hedge funds have also recently made changes to their positions in the business. Quest Partners LLC purchased a new position in Endeavor Group during the fourth quarter worth about $177,000. Bank of Nova Scotia purchased a new position in shares of Endeavor Group in the 4th quarter worth approximately $380,000. DLD Asset Management LP bought a new position in shares of Endeavor Group in the fourth quarter valued at approximately $522,000. Kodai Capital Management LP purchased a new stake in shares of Endeavor Group during the fourth quarter valued at approximately $24,037,000. Finally, Gabelli Funds LLC bought a new stake in Endeavor Group during the fourth quarter worth $758,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Endeavor Group in a research report on Friday. They set a "hold" rating for the company. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.86.

Insiders Place Their Bets

In other news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the transaction, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,551,501.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 63.90% of the company's stock.

Endeavor Group Stock Performance

Shares of EDR traded up $0.37 during mid-day trading on Friday, hitting $28.08. The stock had a trading volume of 5,395,228 shares, compared to its average volume of 3,733,221. The business has a fifty day moving average price of $27.44 and a 200-day moving average price of $26.75. Endeavor Group Holdings, Inc. has a 52 week low of $17.65 and a 52 week high of $28.10. The firm has a market cap of $19.46 billion, a P/E ratio of 51.05 and a beta of 0.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62.

Endeavor Group (NYSE:EDR - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.06). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. On average, equities research analysts expect that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current year.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. Endeavor Group's payout ratio is 43.64%.

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.