Lindbrook Capital LLC Increases Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Lindbrook Capital LLC grew its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR) by 200.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,540 shares of the company’s stock after acquiring an additional 1,027 shares during the quarter. Lindbrook Capital LLC’s holdings in Endeavor Group were worth $37,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. NewEdge Wealth LLC acquired a new position in Endeavor Group in the third quarter valued at approximately $13,885,000. Morgan Stanley boosted its holdings in shares of Endeavor Group by 3.8% in the 3rd quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock valued at $244,340,000 after buying an additional 454,790 shares in the last quarter. UBS Group AG grew its position in shares of Endeavor Group by 35.6% in the 3rd quarter. UBS Group AG now owns 1,376,500 shares of the company’s stock valued at $27,392,000 after buying an additional 361,195 shares during the last quarter. Bwcp LP raised its stake in Endeavor Group by 131.7% during the 3rd quarter. Bwcp LP now owns 597,947 shares of the company’s stock worth $11,899,000 after acquiring an additional 339,853 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in Endeavor Group in the third quarter valued at $5,621,000. Institutional investors and hedge funds own 71.37% of the company’s stock.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 46,419 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,117,769.52. Following the transaction, the chief financial officer now owns 112,457 shares in the company, valued at $2,707,964.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Endeavor Group news, CAO Seth D. Krauss sold 17,950 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total transaction of $432,236.00. Following the completion of the transaction, the chief accounting officer now directly owns 62,055 shares of the company’s stock, valued at approximately $1,494,284.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Lublin sold 46,419 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,117,769.52. Following the completion of the sale, the chief financial officer now directly owns 112,457 shares of the company’s stock, valued at $2,707,964.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,633 shares of company stock valued at $4,317,277. 82.08% of the stock is currently owned by insiders.

Endeavor Group Stock Up 0.3 %

NYSE EDR opened at $26.51 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. Endeavor Group Holdings, Inc. has a fifty-two week low of $17.65 and a fifty-two week high of $26.63. The business has a 50 day moving average price of $25.36 and a two-hundred day moving average price of $24.05. The stock has a market cap of $18.35 billion, a PE ratio of 25.49, a P/E/G 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 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. As a group, sell-side analysts predict that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on EDR shares. Seaport Res Ptn downgraded shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. StockNews.com assumed coverage on shares of Endeavor Group in a research note on Sunday, April 21st. They set a “hold” rating for the company. TD Cowen increased their target price on Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Jefferies Financial Group reiterated a “hold” rating and issued a $27.50 target price (down previously from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Finally, Guggenheim restated a “neutral” rating and set a $27.50 price target (down from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.30.

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.