R Squared Ltd acquired a new stake in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 30,140 shares of the company's stock, valued at approximately $943,000. Endeavor Group accounts for approximately 0.9% of R Squared Ltd's investment portfolio, making the stock its 6th largest holding.
Several other hedge funds and other institutional investors have also modified their holdings of EDR. Blue Trust Inc. grew its position in Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company's stock valued at $66,000 after acquiring an additional 1,469 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Endeavor Group during the 4th quarter worth about $96,000. FMR LLC boosted its position in Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company's stock valued at $159,000 after buying an additional 2,248 shares in the last quarter. KBC Group NV grew its stake in Endeavor Group by 65.3% during the fourth quarter. KBC Group NV now owns 7,191 shares of the company's stock worth $225,000 after buying an additional 2,842 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of Endeavor Group in the fourth quarter valued at approximately $233,000. Institutional investors own 74.99% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com upgraded Endeavor Group from a "sell" rating to a "hold" rating in a research report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.86.
Read Our Latest Research Report on EDR
Endeavor Group Price Performance
Shares of Endeavor Group stock traded down $0.31 during midday trading on Friday, reaching $30.70. The company had a trading volume of 1,257,517 shares, compared to its average volume of 2,559,324. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $30.76 and a 200 day simple moving average of $29.10. Endeavor Group Holdings, Inc. has a 1-year low of $23.14 and a 1-year high of $32.67. The company has a market capitalization of $21.00 billion, a price-to-earnings ratio of -14.98 and a beta of 0.74.
Endeavor Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.06 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. Endeavor Group's dividend payout ratio (DPR) is currently -11.71%.
Insider Transactions at Endeavor Group
In other Endeavor Group news, major shareholder Patrick Whitesell purchased 99,996 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of $156.60 per share, with a total value of $15,659,373.60. Following the completion of the purchase, the insider now directly owns 1,539,589 shares in the company, valued at approximately $241,099,637.40. This represents a 6.95 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.17, for a total transaction of $214,293.75. Following the completion of the transaction, the chief accounting officer now directly owns 53,255 shares in the company, valued at approximately $1,659,958.35. The trade was a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 867,661 shares of company stock worth $128,520,827 over the last 90 days. 63.90% of the stock is owned by insiders.
About Endeavor Group
(
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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