Virtu Financial LLC Purchases New Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Virtu Financial LLC purchased a new position in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,063 shares of the company's stock, valued at approximately $602,000.

Several other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System raised its holdings in Endeavor Group by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company's stock worth $1,364,000 after purchasing an additional 898 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Endeavor Group by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company's stock valued at $1,165,000 after purchasing an additional 1,066 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company's stock valued at $1,245,000 after acquiring an additional 1,346 shares during the period. Mirador Capital Partners LP grew its stake in Endeavor Group by 6.7% in the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company's stock worth $750,000 after acquiring an additional 1,655 shares in the last quarter. Finally, FMR LLC raised its position in Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company's stock valued at $159,000 after purchasing an additional 2,248 shares in the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Endeavor Group

In other news, CEO Ariel Emanuel sold 149,280 shares of the firm's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. This trade represents a 7.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell acquired 60,208 shares of Endeavor Group stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the purchase, the insider now directly owns 1,734,530 shares of the company's stock, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 225,272 shares of company stock valued at $6,372,925 over the last ninety days. Insiders own 63.90% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Endeavor Group in a research note on Monday, December 9th. They set a "sell" rating for the company. 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 MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.86.

Endeavor Group Stock Up 0.1 %

Shares of NYSE EDR traded up $0.02 during midday trading on Friday, hitting $30.75. 1,358,674 shares of the company's stock were exchanged, compared to its average volume of 3,347,155. The firm's fifty day simple moving average is $29.56 and its 200-day simple moving average is $28.14. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $21.04 billion, a PE ratio of -15.00 and a beta of 0.76. Endeavor Group Holdings, Inc. has a twelve month low of $22.75 and a twelve month high of $30.83.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, December 16th. Endeavor Group's payout ratio is -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.