Fmr LLC Grows Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Fmr LLC boosted its stake in Endeavor Group Holdings, Inc. (NYSE:EDR) by 67.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,575 shares of the company’s stock after buying an additional 2,248 shares during the quarter. Fmr LLC’s holdings in Endeavor Group were worth $159,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC purchased a new position in shares of Endeavor Group during the 2nd quarter worth about $75,000. SG Americas Securities LLC purchased a new stake in Endeavor Group during the 2nd quarter worth $130,000. CIBC Asset Management Inc acquired a new position in Endeavor Group in the 2nd quarter worth $226,000. ProShare Advisors LLC acquired a new stake in Endeavor Group during the 2nd quarter valued at approximately $255,000. Finally, Lighthouse Investment Partners LLC bought a new position in Endeavor Group during the 2nd quarter valued at $316,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Endeavor Group Price Performance

Shares of NYSE EDR opened at $31.21 on Monday. Endeavor Group Holdings, Inc. has a fifty-two week low of $22.75 and a fifty-two 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. The stock has a market cap of $21.35 billion, a P/E ratio of -15.22 and a beta of 0.76. The firm’s 50-day simple moving average is $29.74 and its 200 day simple moving average is $28.29.

Endeavor Group Announces Dividend

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 paid a dividend of $0.06 per share. The ex-dividend date is Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.77%. Endeavor Group’s dividend payout ratio is currently -11.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a report on Monday, December 9th. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Endeavor Group has an average rating of “Hold” and an average price target of $27.86.

Insider Buying and Selling

In other news, major shareholder Patrick Whitesell acquired 263,200 shares of the stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the transaction, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ariel Emanuel sold 48,176 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total value of $1,399,031.04. Following the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 63.90% of the company’s stock.

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.