Swiss National Bank Purchases 39,200 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Swiss National Bank lifted its stake in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 393,600 shares of the company's stock after purchasing an additional 39,200 shares during the quarter. Swiss National Bank owned 0.06% of Endeavor Group worth $12,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Athos Capital Ltd increased its holdings in Endeavor Group by 135.9% in the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company's stock worth $220,460,000 after buying an additional 4,447,000 shares during the last quarter. Polar Asset Management Partners Inc. increased its holdings in Endeavor Group by 300.0% in the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company's stock worth $57,120,000 after buying an additional 1,500,000 shares during the last quarter. Whitefort Capital Management LP acquired a new position in Endeavor Group in the third quarter worth approximately $28,560,000. Barclays PLC increased its holdings in Endeavor Group by 5,247.7% in the third quarter. Barclays PLC now owns 318,188 shares of the company's stock worth $9,087,000 after buying an additional 312,238 shares during the last quarter. Finally, ClearAlpha Technologies LP increased its holdings in Endeavor Group by 36.1% in the third quarter. ClearAlpha Technologies LP now owns 406,515 shares of the company's stock worth $11,610,000 after buying an additional 107,758 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com downgraded Endeavor Group from a "hold" rating to a "sell" rating in a report on Monday, February 10th. Seaport Res Ptn downgraded Endeavor Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $27.86.

Insider Transactions at Endeavor Group

In other news, CFO Jason Lublin sold 50,000 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $29.98, for a total value of $1,499,000.00. Following the sale, the chief financial officer now owns 219,613 shares in the company, valued at approximately $6,583,997.74. This trade represents a 18.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO William K. Fullerton sold 2,225 shares of the firm's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the completion of the sale, the chief accounting officer now owns 53,124 shares in the company, valued at approximately $1,624,531.92. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,212,077 shares of company stock worth $191,824,043 and have sold 146,905 shares worth $4,418,864. 63.90% of the stock is currently owned by corporate insiders.

Endeavor Group Stock Performance

EDR stock traded up $0.42 during midday trading on Friday, hitting $29.25. 38,272,387 shares of the company traded hands, compared to its average volume of 3,127,133. Endeavor Group Holdings, Inc. has a twelve month low of $25.07 and a twelve month high of $35.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The business has a 50 day simple moving average of $30.75 and a 200-day simple moving average of $29.93. The stock has a market capitalization of $20.08 billion, a price-to-earnings ratio of -14.27 and a beta of 0.72.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. Endeavor Group's payout ratio is -9.02%.

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.