Tidal Investments LLC Raises Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Tidal Investments LLC grew its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 7.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,498 shares of the company’s stock after acquiring an additional 620 shares during the quarter. Tidal Investments LLC’s holdings in Endeavor Group were worth $243,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Endeavor Group by 28.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,723 shares of the company’s stock valued at $1,074,000 after purchasing an additional 8,859 shares during the period. Picton Mahoney Asset Management purchased a new stake in Endeavor Group during the 2nd quarter valued at $2,703,000. Pentwater Capital Management LP lifted its position in Endeavor Group by 457.0% in the second quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after buying an additional 10,830,000 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Endeavor Group during the second quarter worth $226,000. Finally, Wolverine Asset Management LLC bought a new position in Endeavor Group during the second quarter valued at $2,796,000. Institutional investors own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Endeavor Group in a report on Monday, December 9th. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Endeavor Group has a consensus rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Price Performance

Endeavor Group stock opened at $31.29 on Thursday. The stock has a market cap of $21.41 billion, a price-to-earnings ratio of -15.26 and a beta of 0.76. The firm has a 50-day moving average of $29.86 and a two-hundred day moving average of $28.39. Endeavor Group Holdings, Inc. has a 1 year low of $22.75 and a 1 year high of $31.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors 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 dividend payout ratio (DPR) is currently -11.71%.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell purchased 60,208 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the insider now owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction dated Tuesday, October 8th. The shares were 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 of the company’s stock, valued at $53,179,412.88. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 63.90% of the stock is currently owned by company insiders.

About Endeavor Group

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.