Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 2.5% in the 4th quarter, Holdings Channel reports. The fund owned 258,599 shares of the company’s stock after selling 6,755 shares during the period. Russell Investments Group Ltd.’s holdings in Endeavor Group were worth $6,137,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Morgan Stanley lifted its position in shares of Endeavor Group by 3.8% during the third quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock worth $244,340,000 after purchasing an additional 454,790 shares during the last quarter. Clearbridge Investments LLC raised its stake in Endeavor Group by 2.4% during the third quarter. Clearbridge Investments LLC now owns 4,300,851 shares of the company’s stock valued at $85,587,000 after buying an additional 100,396 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Endeavor Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock worth $291,559,000 after buying an additional 254,550 shares during the last quarter. FMR LLC grew its position in shares of Endeavor Group by 3.7% in the 3rd quarter. FMR LLC now owns 5,145,883 shares of the company’s stock worth $102,403,000 after acquiring an additional 184,212 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Endeavor Group by 10.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 281,396 shares of the company’s stock valued at $5,600,000 after acquiring an additional 26,178 shares during the last quarter. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Endeavor Group news, CFO Jason Lublin sold 46,419 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 value of $1,117,769.52. Following 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 document filed with the SEC, which is available through this hyperlink. In other Endeavor Group news, CFO Jason Lublin sold 46,419 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 value of $1,117,769.52. Following 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 document filed with the SEC, which is available through this hyperlink. Also, CAO Seth D. Krauss sold 17,950 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 transaction of $432,236.00. Following the completion of the sale, the chief accounting officer now owns 62,055 shares in the company, valued at $1,494,284.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 183,383 shares of company stock worth $4,496,219. 82.08% of the stock is owned by corporate insiders.

Endeavor Group Stock Performance

EDR stock opened at $26.47 on Thursday. The company has a market capitalization of $18.33 billion, a P/E ratio of 25.45, a PEG ratio of 1.93 and a beta of 0.79. The company has a 50-day simple moving average of $25.69 and a 200 day simple moving average of $24.50. Endeavor Group Holdings, Inc. has a fifty-two week low of $17.65 and a fifty-two week high of $26.63. 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 (NYSE:EDR) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. Sell-side analysts predict that Endeavor Group Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Endeavor Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com began coverage on shares of Endeavor Group in a report on Tuesday. They issued a “hold” rating for the company. Citigroup lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $29.00 to $27.50 in a research note on Monday, April 15th. Jefferies Financial Group restated a “hold” rating and issued a $27.50 target price (down from $29.00) on shares of Endeavor Group in a research note on Thursday, April 4th. Evercore ISI reiterated an “in-line” rating and set a $27.50 price target (down from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Finally, Seaport Res Ptn downgraded Endeavor Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 2nd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Endeavor Group presently has a consensus rating of “Hold” and a consensus target price 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.