Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Purchased by Davide Leone & Partners Investment Co Ltd.

Davide Leone & Partners Investment Co Ltd. boosted its position in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 81.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 848,945 shares of the company's stock after purchasing an additional 380,000 shares during the period. Endeavor Group comprises 46.8% of Davide Leone & Partners Investment Co Ltd.'s investment portfolio, making the stock its 2nd biggest position. Davide Leone & Partners Investment Co Ltd. owned approximately 0.12% of Endeavor Group worth $22,947,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EDR. Bank of Nova Scotia purchased a new stake in Endeavor Group in the 4th quarter valued at approximately $380,000. DLD Asset Management LP acquired a new stake in shares of Endeavor Group during the fourth quarter valued at $522,000. Kodai Capital Management LP acquired a new position in shares of Endeavor Group in the fourth quarter valued at approximately $24,037,000. Gabelli Funds LLC acquired a new position in shares of Endeavor Group in the fourth quarter valued at approximately $758,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Endeavor Group during the fourth quarter valued at approximately $695,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction dated 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 owns 130,187 shares of the company's stock, valued at $3,551,501.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the sale, the chief financial officer now owns 130,187 shares in the company, valued at $3,551,501.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ariel Emanuel sold 27,816 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,293,228.47. The disclosure for this sale can be found here. Insiders sold 197,928 shares of company stock worth $5,542,191 over the last ninety days. Corporate insiders own 63.90% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Endeavor Group in a research report on Friday, September 20th. They issued a "hold" rating for the company. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Endeavor Group currently has a consensus rating of "Hold" and a consensus target price of $27.86.

Endeavor Group Stock Up 1.2 %

NYSE:EDR traded up $0.33 during mid-day trading on Thursday, hitting $28.33. The company had a trading volume of 5,084,531 shares, compared to its average volume of 3,741,755. The business has a fifty day simple moving average of $27.51 and a 200-day simple moving average of $26.84. The firm has a market capitalization of $19.39 billion, a price-to-earnings ratio of 51.51 and a beta of 0.77. Endeavor Group Holdings, Inc. has a 1 year low of $17.65 and a 1 year high of $28.33. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Endeavor Group (NYSE:EDR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.40 EPS 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 company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.87 billion. Equities analysts forecast that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given 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 0.85%. Endeavor Group's payout ratio is currently 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.