Squarepoint Ops LLC Makes New $11.23 Million Investment in Endeavor Group Holdings, Inc. (NYSE:EDR)

Squarepoint Ops LLC acquired a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 415,587 shares of the company's stock, valued at approximately $11,233,000. Squarepoint Ops LLC owned about 0.06% of Endeavor Group as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Glazer Capital LLC purchased a new position in shares of Endeavor Group in the 2nd quarter valued at approximately $49,017,000. Sagefield Capital LP acquired a new stake in shares of Endeavor Group during the second quarter worth $2,163,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Endeavor Group during the second quarter worth $205,038,000. P Schoenfeld Asset Management LP purchased a new position in Endeavor Group in the 2nd quarter valued at $8,109,000. Finally, Gabelli Funds LLC increased its stake in Endeavor Group by 920.0% in the 2nd quarter. Gabelli Funds LLC now owns 733,384 shares of the company's stock valued at $19,823,000 after buying an additional 661,485 shares during the period. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Price Performance

Endeavor Group stock traded up $0.24 during midday trading on Friday, reaching $28.55. The company's stock had a trading volume of 2,833,483 shares, compared to its average volume of 3,736,900. The firm has a market capitalization of $19.54 billion, a PE ratio of 51.91 and a beta of 0.77. Endeavor Group Holdings, Inc. has a fifty-two week low of $17.65 and a fifty-two week high of $28.62. The stock's 50 day simple moving average is $27.54 and its 200 day simple moving average is $26.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62.

Endeavor Group (NYSE:EDR - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.87 billion. On average, equities research analysts forecast that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.84%. The ex-dividend date is Monday, September 16th. Endeavor Group's payout ratio is currently 43.64%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Endeavor Group in a research note on Saturday. They issued a "hold" rating for the company. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $27.86.

Insider Buying and Selling

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