Palliser Capital UK Ltd raised its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 230.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,237,263 shares of the company's stock after acquiring an additional 862,380 shares during the quarter. Endeavor Group makes up 23.9% of Palliser Capital UK Ltd's portfolio, making the stock its 2nd largest holding. Palliser Capital UK Ltd owned 0.18% of Endeavor Group worth $35,336,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Longfellow Investment Management Co. LLC purchased a new position in shares of Endeavor Group during the 2nd quarter valued at $75,000. PNC Financial Services Group Inc. lifted its stake in shares of Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company's stock valued at $76,000 after buying an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Endeavor Group during the 1st quarter valued at $102,000. SG Americas Securities LLC purchased a new position in shares of Endeavor Group during the 2nd quarter valued at $130,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Endeavor Group during the 2nd quarter valued at $226,000. Hedge funds and other institutional investors own 71.37% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Endeavor Group in a report on Wednesday. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $27.86.
Read Our Latest Analysis on EDR
Insider Transactions at Endeavor Group
In related news, CEO Ariel Emanuel sold 48,176 shares of the company's stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $53,179,412.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 225,272 shares of company stock worth $6,372,925 in the last three months. Insiders own 63.90% of the company's stock.
Endeavor Group Price Performance
Shares of Endeavor Group stock remained flat at $29.49 during trading hours on Friday. 977,891 shares of the stock were exchanged, compared to its average volume of 3,604,213. The business's 50 day simple moving average is $28.42 and its 200 day simple moving average is $27.47. Endeavor Group Holdings, Inc. has a 12-month low of $22.64 and a 12-month high of $29.67. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $20.18 billion, a PE ratio of -20.48 and a beta of 0.78.
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 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 business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. As a group, sell-side analysts forecast 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 was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. Endeavor Group's dividend payout ratio (DPR) is presently -16.67%.
Endeavor Group Company Profile
(
Free Report)
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.
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