FNY Investment Advisers LLC Takes Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

FNY Investment Advisers LLC purchased a new position in Endeavor Group Holdings, Inc. (NYSE:EDR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,483 shares of the company’s stock, valued at approximately $155,000.

Several other institutional investors have also recently made changes to their positions in EDR. Morgan Stanley increased its position in shares of Endeavor Group by 24.9% during the fourth quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock worth $303,710,000 after purchasing an additional 2,689,204 shares in the last quarter. Vanguard Group Inc. boosted its position in Endeavor Group by 29.4% during the third quarter. Vanguard Group Inc. now owns 12,006,491 shares of the company’s stock worth $243,251,000 after purchasing an additional 2,726,059 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Endeavor Group by 33.1% during the first quarter. Ameriprise Financial Inc. now owns 10,985,580 shares of the company’s stock valued at $262,885,000 after acquiring an additional 2,734,771 shares during the last quarter. Millennium Management LLC boosted its stake in Endeavor Group by 6.4% during the fourth quarter. Millennium Management LLC now owns 7,114,037 shares of the company’s stock worth $160,350,000 after buying an additional 429,390 shares during the last quarter. Finally, FMR LLC lifted its position in Endeavor Group by 13.7% in the first quarter. FMR LLC now owns 6,190,960 shares of the company’s stock valued at $148,150,000 after buying an additional 745,359 shares during the last quarter. Institutional investors own 43.70% of the company’s stock.

Insiders Place Their Bets

In other Endeavor Group news, insider Mark S. Shapiro sold 229,032 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $24.66, for a total value of $5,647,929.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Endeavor Group news, insider Mark S. Shapiro sold 229,032 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $24.66, for a total value of $5,647,929.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ariel Emanuel sold 150,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $24.08, for a total transaction of $3,612,000.00. Following the completion of the transaction, the chief executive officer now owns 204,450 shares of the company’s stock, valued at approximately $4,923,156. The disclosure for this sale can be found here. Insiders have sold a total of 702,045 shares of company stock valued at $17,050,402 in the last three months. Company insiders own 82.08% of the company’s stock.

Wall Street Analyst Weigh In

EDR has been the subject of several research reports. TD Cowen initiated coverage on shares of Endeavor Group in a research note on Tuesday, September 12th. They issued an “outperform” rating and a $28.00 price target for the company. Morgan Stanley decreased their price objective on shares of Endeavor Group from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, July 18th. StockNews.com began coverage on shares of Endeavor Group in a research note on Wednesday, August 23rd. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Endeavor Group from $33.00 to $35.00 in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $32.00.

Endeavor Group Stock Down 1.0 %

EDR stock traded down $0.21 during trading hours on Friday, hitting $21.22. The company’s stock had a trading volume of 3,194,177 shares, compared to its average volume of 2,402,589. The company has a market capitalization of $14.96 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. The stock has a 50 day moving average price of $23.35 and a two-hundred day moving average price of $23.40. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.30. Endeavor Group Holdings, Inc. has a 12 month low of $18.58 and a 12 month high of $26.26.

Endeavor Group (NYSE:EDR) last announced its earnings results on Tuesday, August 8th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.56). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Endeavor Group had a negative return on equity of 1.18% and a net margin of 3.54%. On average, equities research analysts expect that Endeavor Group Holdings, Inc. will post 1.02 earnings per share for the current year.

Endeavor Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.13%. Endeavor Group’s dividend payout ratio is presently 42.86%.

Endeavor Group Profile

Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.