Bank of Nova Scotia Takes Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Bank of Nova Scotia bought a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDRFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,035 shares of the company’s stock, valued at approximately $380,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Morgan Stanley grew its stake in shares of Endeavor Group by 3.8% in 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 increased its stake in shares of Endeavor Group by 2.4% in 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 during the period. Vanguard Group Inc. increased its stake in shares of Endeavor Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock valued at $291,559,000 after buying an additional 254,550 shares during the period. FMR LLC lifted its stake in shares of Endeavor Group by 3.7% in the third 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 during the period. Finally, Raymond James & Associates lifted its stake in shares of Endeavor Group by 9.2% in the fourth quarter. Raymond James & Associates now owns 106,552 shares of the company’s stock worth $2,528,000 after acquiring an additional 8,951 shares during the period. 71.37% of the stock is owned by institutional investors.

Endeavor Group Stock Down 0.1 %

Endeavor Group stock opened at $26.87 on Friday. The firm has a market capitalization of $18.62 billion, a price-to-earnings ratio of 48.86, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. Endeavor Group Holdings, Inc. has a 1-year low of $17.65 and a 1-year high of $27.01. The firm’s fifty day moving average price is $26.52 and its two-hundred day moving average price is $25.07.

Endeavor Group (NYSE:EDRGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.50. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. On average, equities research analysts predict that Endeavor Group Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.06 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.89%. Endeavor Group’s dividend payout ratio is currently 43.64%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EDR. Guggenheim restated a “neutral” rating and set a $27.50 price target (down previously from $36.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. UBS Group reaffirmed a “neutral” rating and set a $27.50 price target (down previously from $31.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Seaport Res Ptn lowered Endeavor Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. Evercore ISI restated an “in-line” rating and set a $27.50 target price (down previously from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Finally, TD Cowen lifted their target price on Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $28.89.

Get Our Latest Analysis on EDR

Insider Activity at Endeavor Group

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $26.87, for a total value of $559,755.84. Following the completion of the sale, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,498,124.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $26.87, for a total value of $559,755.84. Following the completion of the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,498,124.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell acquired 1,642,970 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was acquired at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the transaction, the insider now owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The disclosure for this purchase can be found here. Insiders have sold 90,078 shares of company stock valued at $2,358,178 over the last ninety days. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Endeavor Group (NYSE:EDR)

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