Handelsbanken Fonder AB Sells 17,500 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Handelsbanken Fonder AB lessened its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 51.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,600 shares of the company’s stock after selling 17,500 shares during the period. Handelsbanken Fonder AB’s holdings in Endeavor Group were worth $394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its stake in shares of Endeavor Group by 200.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after buying an additional 1,027 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Endeavor Group in the third quarter worth approximately $215,000. Cerity Partners LLC lifted its stake in shares of Endeavor Group by 5.2% in the fourth quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock worth $281,000 after buying an additional 590 shares in the last quarter. Steph & Co. lifted its position in Endeavor Group by 5.1% during the third quarter. Steph & Co. now owns 12,088 shares of the company’s stock valued at $241,000 after purchasing an additional 591 shares during the period. Finally, Algert Global LLC bought a new position in Endeavor Group during the third quarter valued at approximately $246,000. Institutional investors own 71.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EDR. Guggenheim restated a “neutral” rating and set a $27.50 price objective (down previously from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $27.50 price objective (down previously from $30.00) on shares of Endeavor Group in a research report on Friday, April 5th. UBS Group restated a “neutral” rating and set a $27.50 price objective (down previously from $31.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. StockNews.com initiated coverage on shares of Endeavor Group in a research report on Monday. They set a “hold” rating on the stock. Finally, Citigroup downgraded shares of Endeavor Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $29.00 to $27.50 in a research report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $29.30.

Insider Transactions at Endeavor Group

In other news, CAO Seth D. Krauss sold 17,950 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total value of $432,236.00. Following the completion of the sale, the chief accounting officer now directly owns 62,055 shares of the company’s stock, valued at $1,494,284.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Patrick Whitesell bought 1,642,970 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was bought at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the purchase, the insider now owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Seth D. Krauss sold 17,950 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total transaction of $432,236.00. Following the transaction, the chief accounting officer now directly owns 62,055 shares of the company’s stock, valued at $1,494,284.40. The disclosure for this sale can be found here. Insiders sold a total of 176,633 shares of company stock valued at $4,317,277 over the last three months. Corporate insiders own 82.08% of the company’s stock.

Endeavor Group Price Performance

EDR opened at $26.41 on Thursday. The firm’s 50 day simple moving average is $25.45 and its two-hundred day simple moving average is $24.21. 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 company has a market capitalization of $18.29 billion, a PE ratio of 25.39, a PEG ratio of 1.92 and a beta of 0.82. Endeavor Group Holdings, Inc. has a 1-year low of $17.65 and a 1-year high of $26.63.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $1.58 billion during 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, equities analysts forecast that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current year.

Endeavor Group Announces Dividend

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

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.