Whitefort Capital Management LP Buys New Shares in Endeavor Group Holdings, Inc. (NYSE:EDR)

Whitefort Capital Management LP acquired a new stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,000,000 shares of the company's stock, valued at approximately $28,560,000. Endeavor Group accounts for 13.1% of Whitefort Capital Management LP's portfolio, making the stock its 2nd biggest position. Whitefort Capital Management LP owned about 0.15% of Endeavor Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LMR Partners LLP boosted its position in shares of Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company's stock valued at $125,486,000 after purchasing an additional 1,290,867 shares in the last quarter. Moran Wealth Management LLC bought a new stake in Endeavor Group during the third quarter worth approximately $2,870,000. Davide Leone & Partners Investment Co Ltd. grew its position in Endeavor Group by 81.0% in the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company's stock worth $22,947,000 after buying an additional 380,000 shares during the last quarter. Palliser Capital UK Ltd increased its holdings in shares of Endeavor Group by 230.0% in the third quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company's stock valued at $35,336,000 after buying an additional 862,380 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Endeavor Group by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company's stock valued at $50,804,000 after acquiring an additional 76,618 shares during the last quarter. Institutional investors own 71.37% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Endeavor Group in a research note on Sunday, December 1st. They issued a "hold" rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $27.86.

Endeavor Group Stock Up 0.2 %

NYSE:EDR traded up $0.07 during mid-day trading on Friday, reaching $30.45. The stock had a trading volume of 503,139 shares, compared to its average volume of 3,395,802. The stock has a market cap of $20.83 billion, a P/E ratio of -14.82 and a beta of 0.76. The business's 50 day moving average is $29.33 and its 200 day moving average is $27.98. 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 Holdings, Inc. has a fifty-two week low of $22.64 and a fifty-two week high of $30.60.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. Endeavor Group's dividend payout ratio (DPR) is presently -11.71%.

Insider Activity at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,458,040.70. This represents a 7.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 225,272 shares of company stock valued at $6,372,925. Corporate insiders own 63.90% of the company's stock.

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.