Davidson Kempner Capital Management LP Buys New Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Davidson Kempner Capital Management LP bought a new position in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,585,563 shares of the company's stock, valued at approximately $205,038,000. Endeavor Group makes up 4.2% of Davidson Kempner Capital Management LP's portfolio, making the stock its 2nd biggest holding. Davidson Kempner Capital Management LP owned approximately 1.09% of Endeavor Group at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EDR. Pentwater Capital Management LP grew its stake in shares of Endeavor Group by 457.0% during the second quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company's stock valued at $356,796,000 after purchasing an additional 10,830,000 shares during the last quarter. Mubadala Investment Co PJSC bought a new position in Endeavor Group in the fourth quarter valued at about $52,983,000. Kodai Capital Management LP acquired a new stake in Endeavor Group in the fourth quarter worth about $24,037,000. Owl Creek Asset Management L.P. bought a new stake in Endeavor Group during the 4th quarter worth about $22,419,000. Finally, Alpine Associates Management Inc. bought a new position in shares of Endeavor Group in the 2nd quarter valued at about $25,462,000. 71.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Endeavor Group

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

Analyst Upgrades and Downgrades

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

Endeavor Group Trading Down 0.6 %

Endeavor Group stock traded down $0.17 during midday trading on Monday, hitting $27.91. 3,396,494 shares of the stock were exchanged, compared to its average volume of 3,731,381. The stock has a market capitalization of $19.34 billion, a PE ratio of 50.62 and a beta of 0.77. The company has a fifty day simple moving average of $27.44 and a two-hundred day simple moving average of $26.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Endeavor Group Holdings, Inc. has a 52 week low of $17.65 and a 52 week high of $28.10.

Endeavor Group (NYSE:EDR - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. Equities research analysts anticipate that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal 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 paid a $0.06 dividend. 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 0.86%. 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.