Vest Financial LLC Acquires 25,020 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Vest Financial LLC grew its position in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 46.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 78,831 shares of the company's stock after buying an additional 25,020 shares during the period. Vest Financial LLC's holdings in Endeavor Group were worth $2,467,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EDR. Blue Trust Inc. grew its stake in shares of Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company's stock worth $66,000 after acquiring an additional 1,469 shares during the period. FNY Investment Advisers LLC bought a new stake in Endeavor Group during the fourth quarter valued at approximately $96,000. FMR LLC grew its position in Endeavor Group by 67.6% during 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 during the period. KBC Group NV boosted its position in shares of Endeavor Group by 65.3% in the fourth quarter. KBC Group NV now owns 7,191 shares of the company's stock worth $225,000 after purchasing an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. bought a new position in shares of Endeavor Group in the fourth quarter worth approximately $233,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Endeavor Group Price Performance

Endeavor Group stock traded up $0.22 during mid-day trading on Wednesday, reaching $34.78. 511,641 shares of the company's stock traded hands, compared to its average volume of 2,047,344. The company has a market cap of $23.80 billion, a price-to-earnings ratio of -16.97 and a beta of 0.74. The stock has a 50 day moving average of $31.00 and a two-hundred day moving average of $29.35. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a 12-month low of $23.14 and a 12-month high of $34.89.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group's payout ratio is -11.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Endeavor Group from a "hold" rating to a "sell" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $27.86.

Insider Activity at Endeavor Group

In other news, major shareholder Patrick Whitesell acquired 177,861 shares of the business's stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the transaction, the insider now directly owns 2,188,966 shares of the company's stock, valued at approximately $363,346,466.34. The trade was a 8.84 % 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 company's stock in a transaction dated Monday, January 6th. The stock was 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 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 have acquired a total of 1,301,460 shares of company stock valued at $198,504,040 over the last 90 days. 63.90% of the stock is owned by corporate insiders.

Endeavor Group Company Profile

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.