Tidal Investments LLC Increases Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Tidal Investments LLC lifted its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,498 shares of the company’s stock after buying an additional 620 shares during the period. Tidal Investments LLC’s holdings in Endeavor Group were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Longfellow Investment Management Co. LLC purchased a new position in Endeavor Group in the second quarter worth about $75,000. FMR LLC boosted its holdings in shares of Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after buying an additional 2,248 shares during the last quarter. CIBC Asset Management Inc bought a new stake in Endeavor Group during the second quarter valued at approximately $226,000. ProShare Advisors LLC purchased a new stake in Endeavor Group during the second quarter valued at approximately $255,000. Finally, Lighthouse Investment Partners LLC bought a new position in Endeavor Group in the second quarter worth approximately $316,000. Institutional investors own 74.99% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Endeavor Group

In other news, major shareholder Patrick Whitesell acquired 263,200 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ariel Emanuel sold 48,176 shares of the business’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 completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at $53,179,412.88. This represents 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 Stock Performance

NYSE EDR opened at $31.29 on Thursday. 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 Holdings, Inc. has a twelve month low of $22.75 and a twelve month high of $31.42. The business has a 50-day moving average price of $29.86 and a 200-day moving average price of $28.39. The firm has a market cap of $21.41 billion, a price-to-earnings ratio of -15.26 and a beta of 0.76.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.77%. Endeavor Group’s payout ratio is -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.