Harbour Capital Advisors LLC Invests $267,000 in Endeavor Group Holdings, Inc. (NYSE:EDR)

Harbour Capital Advisors LLC bought a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) in the first quarter, Holdings Channel reports. The institutional investor bought 10,350 shares of the company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also modified their holdings of EDR. Renaissance Capital LLC grew its stake in Endeavor Group by 3.0% during the 1st quarter. Renaissance Capital LLC now owns 103,926 shares of the company’s stock valued at $2,674,000 after acquiring an additional 3,019 shares in the last quarter. Kapitalo Investimentos Ltda grew its stake in Endeavor Group by 193.7% during the 4th quarter. Kapitalo Investimentos Ltda now owns 13,135 shares of the company’s stock valued at $312,000 after acquiring an additional 8,662 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after acquiring an additional 399 shares in the last quarter. Mubadala Investment Co PJSC purchased a new stake in Endeavor Group during the 4th quarter valued at about $52,983,000. Finally, Twin Securities Inc. purchased a new stake in Endeavor Group during the 4th quarter valued at about $8,934,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $26.52, for a total transaction of $552,464.64. Following the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,452,559.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $26.52, for a total transaction of $552,464.64. Following the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,452,559.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO William K. Fullerton sold 6,750 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the completion of the sale, the chief accounting officer now directly owns 46,600 shares in the company, valued at $1,235,366. The disclosure for this sale can be found here. Insiders have sold a total of 69,246 shares of company stock valued at $1,843,419 in the last ninety days. Company insiders own 63.90% of the company’s stock.

Endeavor Group Stock Performance

Shares of EDR stock opened at $27.03 on Friday. The firm’s 50 day moving average price is $26.68 and its 200-day moving average price is $25.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16. Endeavor Group Holdings, Inc. has a one year low of $17.65 and a one year high of $27.05. The firm has a market cap of $18.73 billion, a P/E ratio of 49.15 and a beta of 0.78.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.23 by $0.50. Endeavor Group had a net margin of 3.40% and a return on equity of 2.86%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.93 billion. As a group, equities research analysts predict that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current year.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, June 14th. Endeavor Group’s payout ratio is currently 43.64%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Piper Sandler lowered shares of Endeavor Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th. TD Cowen boosted their target price on shares of Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Guggenheim reiterated a “neutral” rating and issued a $27.50 target price (down from $36.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. StockNews.com assumed coverage on shares of Endeavor Group in a report on Monday, June 24th. They issued a “hold” rating on the stock. Finally, UBS Group reiterated a “neutral” rating and issued a $27.50 target price (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Endeavor Group presently has a consensus rating of “Hold” and a consensus target price of $28.89.

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.