Quest Partners LLC Buys New Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Quest Partners LLC purchased a new stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 70,052 shares of the company's stock, valued at approximately $2,001,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of Endeavor Group in the second quarter worth $75,000. DekaBank Deutsche Girozentrale bought a new position in shares of Endeavor Group in the 1st quarter valued at about $102,000. SG Americas Securities LLC acquired a new stake in Endeavor Group during the 2nd quarter worth approximately $130,000. CIBC Asset Management Inc acquired a new stake in Endeavor Group during the 2nd quarter worth approximately $226,000. Finally, ProShare Advisors LLC acquired a new stake in Endeavor Group during the 2nd quarter worth approximately $255,000. Hedge funds and other institutional investors own 71.37% of the company's stock.

Insider Transactions at Endeavor Group

In related news, CEO Ariel Emanuel sold 27,816 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 1,831,247 shares of the company's stock, valued at approximately $51,293,228.47. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 225,272 shares of company stock valued at $6,372,925 in the last ninety days. 63.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a report on Friday. They set a "hold" rating on the stock. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $27.86.

Endeavor Group Stock Performance

Shares of EDR traded up $0.13 during mid-day trading on Tuesday, hitting $29.23. 867,758 shares of the company's stock were exchanged, compared to its average volume of 3,468,093. Endeavor Group Holdings, Inc. has a 52 week low of $22.64 and a 52 week high of $29.67. The company has a 50-day simple moving average of $28.75 and a 200 day simple moving average of $27.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. Endeavor Group's dividend payout ratio is currently -11.71%.

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.