Fmr LLC Purchases 2,248 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Fmr LLC grew its stake in Endeavor Group Holdings, Inc. (NYSE:EDR) by 67.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,575 shares of the company’s stock after acquiring an additional 2,248 shares during the quarter. Fmr LLC’s holdings in Endeavor Group were worth $159,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EDR. Pentwater Capital Management LP raised its stake in shares of Endeavor Group by 457.0% in the second quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after purchasing an additional 10,830,000 shares during the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of Endeavor Group during the second quarter worth approximately $205,038,000. Glazer Capital LLC purchased a new stake in Endeavor Group during the 2nd quarter valued at about $49,017,000. LMR Partners LLP boosted its stake in Endeavor Group by 41.6% during the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after buying an additional 1,290,867 shares during the last quarter. Finally, Water Island Capital LLC purchased a new position in Endeavor Group during the second quarter worth about $28,497,000. 74.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total value of $1,399,031.04. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $53,179,412.88. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell acquired 60,208 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the transaction, the insider now directly owns 1,734,530 shares in the company, valued at $249,303,996.90. This trade represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. Insiders own 63.90% of the company’s stock.

Endeavor Group Trading Up 0.4 %

NYSE EDR opened at $31.21 on Monday. The stock has a market capitalization of $21.35 billion, a PE ratio of -15.22 and a beta of 0.76. The firm has a 50 day moving average of $29.74 and a two-hundred day moving average of $28.29. Endeavor Group Holdings, Inc. has a 52 week low of $22.75 and a 52 week 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.06 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. Endeavor Group’s payout ratio is currently -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.