Algert Global LLC Sells 1,880 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Algert Global LLC cut its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 1.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,905 shares of the company’s stock after selling 1,880 shares during the quarter. Algert Global LLC’s holdings in Endeavor Group were worth $2,825,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EDR. Sei Investments Co. bought a new position in Endeavor Group during the 1st quarter valued at about $644,000. LMR Partners LLP raised its stake in shares of Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after acquiring an additional 1,290,867 shares during the last quarter. Moran Wealth Management LLC acquired a new position in shares of Endeavor Group in the 3rd quarter worth approximately $2,870,000. Davide Leone & Partners Investment Co Ltd. grew its position in Endeavor Group by 81.0% during the 2nd quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock worth $22,947,000 after acquiring an additional 380,000 shares during the last quarter. Finally, JBF Capital Inc. acquired a new stake in Endeavor Group during the 2nd quarter valued at $622,000. Institutional investors and hedge funds own 71.37% of the company’s stock.

Endeavor Group Stock Up 0.8 %

NYSE:EDR opened at $30.20 on Wednesday. The stock’s fifty day moving average price is $28.95 and its two-hundred day moving average price is $27.78. The company has a market cap of $20.66 billion, a price-to-earnings ratio of -14.73 and a beta of 0.77. Endeavor Group Holdings, Inc. has a 52-week low of $22.64 and a 52-week high of $30.30. 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 declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Monday, September 16th. Endeavor Group’s dividend payout ratio is -11.71%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Endeavor Group in a research note on Saturday. They issued a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.86.

Insider Buying and Selling

In other Endeavor Group news, CEO Ariel Emanuel sold 27,816 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $28.01, for a total value of $779,126.16. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $51,293,228.47. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 225,272 shares of company stock worth $6,372,925 over the last three months. 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.