Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System raised its stake in Endeavor Group Holdings, Inc. (NYSE:EDRFree Report) by 4.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 46,976 shares of the company’s stock after buying an additional 1,946 shares during the period. Arizona State Retirement System’s holdings in Endeavor Group were worth $935,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EDR. Morgan Stanley lifted its stake in shares of Endeavor Group by 24.9% in the 4th quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock valued at $303,710,000 after purchasing an additional 2,689,204 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Endeavor Group by 29.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,006,491 shares of the company’s stock valued at $243,251,000 after purchasing an additional 2,726,059 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Endeavor Group by 6.4% in the 4th quarter. Millennium Management LLC now owns 7,114,037 shares of the company’s stock valued at $160,350,000 after purchasing an additional 429,390 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Endeavor Group by 53.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,297,930 shares of the company’s stock valued at $150,646,000 after purchasing an additional 2,196,409 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Endeavor Group by 20.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,814,416 shares of the company’s stock valued at $139,140,000 after purchasing an additional 978,196 shares during the last quarter. 43.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 8,407 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $23.37, for a total value of $196,471.59. Following the sale, the chief accounting officer now owns 81,094 shares of the company’s stock, valued at approximately $1,895,166.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO William K. Fullerton sold 8,407 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $23.37, for a total value of $196,471.59. Following the transaction, the chief accounting officer now owns 81,094 shares in the company, valued at approximately $1,895,166.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $25.47, for a total value of $530,591.04. Following the completion of the transaction, the chief financial officer now owns 55,705 shares in the company, valued at approximately $1,418,806.35. The disclosure for this sale can be found here. Insiders have sold 103,299 shares of company stock valued at $2,534,855 in the last quarter. Corporate insiders own 82.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat, Endeavor Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Check Out Our Latest Stock Analysis on Endeavor Group

Endeavor Group Price Performance

EDR opened at $24.32 on Wednesday. The stock’s 50-day moving average price is $24.02 and its 200 day moving average price is $23.01. Endeavor Group Holdings, Inc. has a 12-month low of $17.65 and a 12-month high of $26.26. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 69.49, a PEG ratio of 1.18 and a beta of 0.85.

Endeavor Group (NYSE:EDRGet Free Report) last posted its earnings results on Wednesday, November 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.14. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.26 billion. Endeavor Group had a negative return on equity of 0.87% and a net margin of 2.41%. As a group, sell-side analysts expect that Endeavor Group Holdings, Inc. will post 0.52 earnings per share for the current year.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Thursday, December 14th. Endeavor Group’s dividend payout ratio is currently 68.57%.

Endeavor Group Company Profile

(Free Report)

Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company worldwide. 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.

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

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