Price T Rowe Associates Inc. MD Takes $56.16 Million Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Price T Rowe Associates Inc. MD bought a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,771,917 shares of the company’s stock, valued at approximately $56,160,000. Price T Rowe Associates Inc. MD owned about 0.39% of Endeavor Group at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in Endeavor Group by 72.2% during the second quarter. Millennium Management LLC now owns 6,519,552 shares of the company’s stock worth $134,042,000 after buying an additional 2,734,126 shares during the last quarter. BlackRock Inc. lifted its holdings in Endeavor Group by 1,060.4% during the 3rd quarter. BlackRock Inc. now owns 2,631,819 shares of the company’s stock valued at $53,321,000 after purchasing an additional 2,405,024 shares during the last quarter. Castle Hook Partners LP bought a new position in Endeavor Group during the second quarter worth $12,004,000. TD Asset Management Inc. acquired a new position in shares of Endeavor Group in the third quarter valued at $8,571,000. Finally, Renaissance Technologies LLC raised its position in shares of Endeavor Group by 39.4% in the third quarter. Renaissance Technologies LLC now owns 1,458,000 shares of the company’s stock valued at $29,539,000 after purchasing an additional 412,400 shares during the period. Institutional investors and hedge funds own 36.31% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Endeavor Group from a “hold” rating to a “buy” rating in a report on Saturday, March 4th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $30.70.

Insider Buying and Selling

In other Endeavor Group news, insider Seth D. Krauss sold 2,452 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $21.84, for a total transaction of $53,551.68. Following the sale, the insider now directly owns 31,057 shares in the company, valued at $678,284.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Endeavor Group news, insider Seth D. Krauss sold 2,452 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $21.84, for a total value of $53,551.68. Following the sale, the insider now owns 31,057 shares of the company’s stock, valued at approximately $678,284.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jason Lublin sold 12,562 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $22.20, for a total value of $278,876.40. Following the transaction, the chief financial officer now directly owns 23,693 shares of the company’s stock, valued at approximately $525,984.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,231 shares of company stock worth $1,084,302. Company insiders own 84.67% of the company’s stock.

Endeavor Group Price Performance

Endeavor Group stock opened at $22.71 on Tuesday. The stock’s fifty day moving average price is $22.02 and its two-hundred day moving average price is $21.81. The firm has a market cap of $15.92 billion, a PE ratio of 46.35, a price-to-earnings-growth ratio of 0.77 and a beta of 0.86. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.05 and a quick ratio of 1.05. Endeavor Group Holdings, Inc. has a one year low of $17.42 and a one year high of $31.32.

Endeavor Group Profile

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Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.