State Street Corp Sells 33,655 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

State Street Corp lessened its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,151,706 shares of the company’s stock after selling 33,655 shares during the quarter. State Street Corp owned 0.17% of Endeavor Group worth $32,893,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EDR. LMR Partners LLP lifted its position in Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares during the period. Moran Wealth Management LLC acquired a new position in shares of Endeavor Group in the third quarter valued at approximately $2,870,000. Davide Leone & Partners Investment Co Ltd. lifted its position in shares of Endeavor Group by 81.0% during the 2nd quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock valued at $22,947,000 after acquiring an additional 380,000 shares during the period. Athos Capital Ltd raised its stake in Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after acquiring an additional 4,447,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Endeavor Group by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock valued at $50,804,000 after purchasing an additional 76,618 shares in the last quarter. Institutional investors own 74.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Endeavor Group in a research report on Monday, December 9th. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.86.

Insider Buying and Selling

In related news, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $51,458,040.70. This trade represents a 7.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Patrick Whitesell bought 263,200 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the purchase, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. This represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. 63.90% of the stock is owned by company insiders.

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $31.21 on Friday. The firm has a market capitalization of $21.35 billion, a PE ratio of -15.22 and a beta of 0.76. The company has a 50-day moving average price of $29.74 and a two-hundred day moving average price of $28.28. Endeavor Group Holdings, Inc. has a twelve month low of $22.75 and a twelve month high of $31.30. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Endeavor Group 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.