Endeavor Group Holdings, Inc. (NYSE:EDR) Stock Position Raised by Raymond James & Associates

Raymond James & Associates lifted its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 9.2% in the 4th quarter, Holdings Channel reports. The fund owned 106,552 shares of the company’s stock after buying an additional 8,951 shares during the period. Raymond James & Associates’ holdings in Endeavor Group were worth $2,528,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EDR. Vanguard Group Inc. lifted its position in shares of Endeavor Group by 29.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,006,491 shares of the company’s stock valued at $243,251,000 after acquiring an additional 2,726,059 shares in the last quarter. Morgan Stanley lifted its position in Endeavor Group by 24.9% in the 4th quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock worth $303,710,000 after buying an additional 2,689,204 shares in the last quarter. BlackRock Inc. lifted its position in Endeavor Group by 1,060.4% in the 3rd quarter. BlackRock Inc. now owns 2,631,819 shares of the company’s stock worth $53,321,000 after buying an additional 2,405,024 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Endeavor Group by 74.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,836,220 shares of the company’s stock worth $109,009,000 after buying an additional 2,064,303 shares in the last quarter. Finally, XN LP lifted its position in Endeavor Group by 81.4% in the 2nd quarter. XN LP now owns 4,457,856 shares of the company’s stock worth $106,632,000 after buying an additional 2,000,457 shares in the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EDR shares. UBS Group reiterated a “neutral” rating and issued a $27.50 target price (down previously from $31.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Guggenheim reiterated a “neutral” rating and issued a $27.50 target price (down previously from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Evercore ISI reiterated an “in-line” rating and issued a $27.50 target price (down previously from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. TD Cowen increased their target price on shares of Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Finally, StockNews.com started coverage on shares of Endeavor Group in a research note on Saturday. They set a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $29.64.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $25.47, for a total value of $530,591.04. Following the completion of the sale, the chief financial officer now directly owns 55,705 shares of the company’s stock, valued at approximately $1,418,806.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Patrick Whitesell purchased 1,642,970 shares of Endeavor Group stock in a transaction on Tuesday, April 9th. The stock was purchased at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the acquisition, the insider now directly owns 1,642,970 shares in the company, valued at $146,240,759.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $25.47, for a total transaction of $530,591.04. Following the completion of the sale, the chief financial officer now directly owns 55,705 shares of the company’s stock, valued at $1,418,806.35. The disclosure for this sale can be found here. Insiders sold a total of 198,613 shares of company stock valued at $4,874,524 in the last ninety days. Company insiders own 82.08% of the company’s stock.

Endeavor Group Stock Performance

NYSE:EDR opened at $26.39 on Tuesday. Endeavor Group Holdings, Inc. has a 1 year low of $17.65 and a 1 year high of $26.63. The firm’s fifty day simple moving average is $24.96 and its 200 day simple moving average is $23.71. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $18.27 billion, a PE ratio of 25.37, a PEG ratio of 1.92 and a beta of 0.82.

Endeavor Group (NYSE:EDR) last posted its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.55 billion. On average, sell-side analysts anticipate that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current year.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. Endeavor Group’s payout ratio is presently 23.08%.

Endeavor Group 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.