State Street Corp Lowers Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

State Street Corp trimmed its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,151,706 shares of the company’s stock after selling 33,655 shares during the period. State Street Corp’s holdings in Endeavor Group were worth $32,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Arizona State Retirement System grew its position in shares of Endeavor Group by 1.8% in the second quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock valued at $1,364,000 after purchasing an additional 898 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Endeavor Group by 2.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock valued at $1,165,000 after acquiring an additional 1,066 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Endeavor Group by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after purchasing an additional 1,346 shares during the period. Mirador Capital Partners LP raised its stake in shares of Endeavor Group by 6.7% during the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock worth $750,000 after buying an additional 1,655 shares in the last quarter. Finally, FMR LLC increased its holdings in Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after buying an additional 2,248 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Endeavor Group Trading Up 0.4 %

NYSE EDR opened at $31.21 on Friday. The company’s 50 day moving average price is $29.74 and its 200 day moving average price is $28.28. The firm has a market capitalization of $21.35 billion, a price-to-earnings ratio of -15.22 and a beta of 0.76. Endeavor Group Holdings, Inc. has a one year low of $22.75 and a one year high of $31.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders 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 dividend yield of 0.77%. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Analyst Upgrades and Downgrades

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

Insider Activity at Endeavor Group

In related news, major shareholder Patrick Whitesell acquired 263,200 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the purchase, the insider now directly owns 418,587 shares of the company’s stock, valued at $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. This represents a 7.54 % decrease in their position. The disclosure for this sale can be found here. 63.90% of the stock is currently owned by company insiders.

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.