Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in Endeavor Group Holdings, Inc. (NYSE:EDR) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 258,599 shares of the company’s stock after selling 6,755 shares during the quarter. Russell Investments Group Ltd.’s holdings in Endeavor Group were worth $6,137,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Endeavor Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock worth $291,559,000 after acquiring an additional 254,550 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Endeavor Group by 3.8% in the 3rd quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock worth $244,340,000 after acquiring an additional 454,790 shares during the last quarter. FMR LLC lifted its holdings in shares of Endeavor Group by 3.7% in the 3rd 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 last quarter. Clearbridge Investments LLC lifted its holdings in Endeavor Group by 2.4% during the 3rd quarter. Clearbridge Investments LLC now owns 4,300,851 shares of the company’s stock worth $85,587,000 after buying an additional 100,396 shares in the last quarter. Finally, Dendur Capital LP lifted its holdings in Endeavor Group by 6.6% during the 3rd quarter. Dendur Capital LP now owns 3,612,000 shares of the company’s stock worth $71,879,000 after buying an additional 225,000 shares in the last quarter. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the transaction, the chief accounting officer now directly owns 46,600 shares in the company, valued at $1,235,366. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $26.51, for a total transaction of $178,942.50. Following the transaction, the chief accounting officer now owns 46,600 shares of the company’s stock, valued at $1,235,366. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark S. Shapiro sold 70,600 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total value of $1,700,048.00. Following the sale, the insider now directly owns 81,460 shares of the company’s stock, valued at $1,961,556.80. The disclosure for this sale can be found here. Insiders have sold a total of 183,383 shares of company stock valued at $4,496,219 over the last quarter. Company insiders own 82.08% of the company’s stock.

Endeavor Group Price Performance

Shares of EDR opened at $26.47 on Thursday. Endeavor Group Holdings, Inc. has a twelve month low of $17.65 and a twelve month high of $26.63. The firm’s fifty day simple moving average is $25.69 and its 200-day simple moving average is $24.50. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.93 and a beta of 0.79. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Endeavor Group (NYSE:EDR) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. Equities analysts forecast that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. Endeavor Group’s dividend payout ratio is presently 23.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $27.50 target price (down from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Evercore ISI reiterated an “in-line” rating and set a $27.50 target price (down from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Citigroup lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $29.00 to $27.50 in a report on Monday, April 15th. Seaport Res Ptn lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $27.50 target price (down from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Endeavor Group has a consensus rating of “Hold” and an average price target of $29.30.

Endeavor Group Company 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.