Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC cut its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 31.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,206 shares of the company’s stock after selling 18,547 shares during the period. Intellectus Partners LLC’s holdings in Endeavor Group were worth $954,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its stake in Endeavor Group by 200.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after buying an additional 1,027 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Endeavor Group in the 3rd quarter valued at approximately $215,000. Steph & Co. boosted its stake in Endeavor Group by 5.1% in the 3rd quarter. Steph & Co. now owns 12,088 shares of the company’s stock worth $241,000 after purchasing an additional 591 shares during the period. Algert Global LLC acquired a new stake in Endeavor Group during the 3rd quarter valued at $246,000. Finally, Cerity Partners LLC lifted its holdings in shares of Endeavor Group by 5.2% in the fourth quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock valued at $281,000 after purchasing an additional 590 shares in the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

Endeavor Group Price Performance

NYSE EDR opened at $26.50 on Monday. Endeavor Group Holdings, Inc. has a fifty-two week low of $17.65 and a fifty-two week high of $26.63. The stock’s 50-day moving average is $25.36 and its two-hundred day moving average is $24.10. The firm has a market cap of $18.35 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 1.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.24.

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

Endeavor Group Announces Dividend

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

Insider Activity at Endeavor Group

In other news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was bought at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the acquisition, the insider now directly owns 1,642,970 shares of the company’s stock, valued at $146,240,759.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Endeavor Group news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was bought at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the acquisition, the insider now directly owns 1,642,970 shares in the company, valued at $146,240,759.70. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $26.52, for a total transaction of $552,464.64. Following the completion of the sale, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,452,559.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 176,633 shares of company stock worth $4,317,277. 82.08% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on EDR. JPMorgan Chase & Co. reissued a “neutral” rating and set a $27.50 price target (down from $30.00) on shares of Endeavor Group in a research report on Friday, April 5th. UBS Group restated a “neutral” rating and set a $27.50 price target (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Citigroup downgraded shares of Endeavor Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $29.00 to $27.50 in a research report on Monday, April 15th. Seaport Res Ptn cut shares of Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. Finally, StockNews.com assumed coverage on Endeavor Group in a research report on Monday. They set a “hold” rating for the company. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $29.30.

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.