Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,832 shares of the company’s stock after acquiring an additional 590 shares during the period. Cerity Partners LLC’s holdings in Endeavor Group were worth $281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EDR. Steph & Co. boosted its position in Endeavor Group by 5.1% during the third quarter. Steph & Co. now owns 12,088 shares of the company’s stock worth $241,000 after purchasing an additional 591 shares in the last quarter. HighTower Advisors LLC boosted its position in Endeavor Group by 4.7% during the third quarter. HighTower Advisors LLC now owns 16,037 shares of the company’s stock worth $319,000 after purchasing an additional 721 shares in the last quarter. Mirador Capital Partners LP boosted its position in Endeavor Group by 3.8% during the fourth quarter. Mirador Capital Partners LP now owns 20,184 shares of the company’s stock worth $479,000 after purchasing an additional 732 shares in the last quarter. Arizona State Retirement System boosted its position in Endeavor Group by 4.3% during the third quarter. Arizona State Retirement System now owns 46,976 shares of the company’s stock worth $935,000 after purchasing an additional 1,946 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Endeavor Group by 7.8% during the third quarter. Hsbc Holdings PLC now owns 37,877 shares of the company’s stock worth $754,000 after purchasing an additional 2,740 shares in the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

Endeavor Group Stock Performance

NYSE EDR opened at $26.50 on Monday. The business’s 50-day moving average price is $25.36 and its 200 day moving average price is $24.10. Endeavor Group Holdings, Inc. has a twelve month low of $17.65 and a twelve month high of $26.63. The company has a market capitalization of $18.35 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.93 and a beta of 0.82. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Endeavor Group (NYSE:EDR) last released its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.55 billion. On average, research analysts predict that Endeavor Group Holdings, Inc. will post 1.27 earnings per share for the current year.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders 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 yield of 0.91%. Endeavor Group’s dividend payout ratio is presently 23.08%.

Insiders Place Their Bets

In other Endeavor Group news, CFO Jason Lublin sold 46,419 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,707,964.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Endeavor Group news, CAO Seth D. Krauss sold 17,950 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $432,236.00. Following the completion of the sale, the chief accounting officer now directly owns 62,055 shares in the company, valued at $1,494,284.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason Lublin sold 46,419 shares of the company’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 sale, the chief financial officer now owns 112,457 shares of the company’s stock, valued at $2,707,964.56. The disclosure for this sale can be found here. Insiders sold 176,633 shares of company stock worth $4,317,277 over the last three months. 82.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EDR has been the topic of several recent research reports. Guggenheim restated a “neutral” rating and issued a $27.50 price objective (down from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Citigroup downgraded Endeavor Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $29.00 to $27.50 in a research report on Monday, April 15th. Evercore ISI restated an “in-line” rating and issued a $27.50 price objective (down from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. TD Cowen upped their price objective on Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $27.50 price objective (down from $29.00) on shares of Endeavor Group in a research report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.30.

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.