Clearbridge Investments LLC Acquires New Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Clearbridge Investments LLC acquired a new stake in Endeavor Group Holdings, Inc. (NYSE:EDR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,765,833 shares of the company’s stock, valued at approximately $48,931,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Citigroup Inc. bought a new stake in Endeavor Group in the 2nd quarter valued at $33,000. First Pacific Advisors LP bought a new stake in Endeavor Group in the 2nd quarter valued at about $118,000. PNC Financial Services Group Inc. bought a new stake in Endeavor Group in the 2nd quarter valued at about $137,000. The Manufacturers Life Insurance Company bought a new stake in Endeavor Group in the 2nd quarter valued at about $264,000. Finally, CAPROCK Group Inc. bought a new stake in Endeavor Group in the 2nd quarter valued at about $269,000. 32.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE EDR opened at 24.94 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.69. Endeavor Group Holdings, Inc. has a 52-week low of 22.02 and a 52-week high of 33.20. The company has a 50 day simple moving average of 25.99.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data on Sunday, August 15th. The company reported 0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of -0.01 by 0.20. The firm had revenue of 1.11 billion for the quarter, compared to analyst estimates of 1.14 billion. As a group, research analysts expect that Endeavor Group Holdings, Inc. will post 0.71 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. Piper Sandler cut their price target on shares of Endeavor Group from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Tuesday, August 17th. Zacks Investment Research downgraded shares of Endeavor Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 3rd. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Endeavor Group has a consensus rating of “Hold” and an average price target of 33.38.

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, and Euroleague 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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