Endeavor Group Holdings, Inc. (NYSE:EDR) Stock Position Raised by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 16.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 837,210 shares of the company’s stock after acquiring an additional 120,258 shares during the quarter. Natixis Advisors L.P. owned approximately 0.12% of Endeavor Group worth $19,866,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. NewEdge Wealth LLC purchased a new stake in Endeavor Group in the 3rd quarter worth approximately $13,885,000. Morgan Stanley lifted its position in Endeavor Group by 3.8% in the 3rd quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock worth $244,340,000 after buying an additional 454,790 shares in the last quarter. UBS Group AG lifted its position in Endeavor Group by 35.6% in the 3rd quarter. UBS Group AG now owns 1,376,500 shares of the company’s stock worth $27,392,000 after buying an additional 361,195 shares in the last quarter. Bwcp LP lifted its position in Endeavor Group by 131.7% in the 3rd quarter. Bwcp LP now owns 597,947 shares of the company’s stock worth $11,899,000 after buying an additional 339,853 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in Endeavor Group in the 3rd quarter worth approximately $5,621,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Endeavor Group Stock Performance

NYSE:EDR opened at $26.50 on Monday. The firm’s 50-day moving average is $25.59 and its 200-day moving average is $24.38. The company has a market cap of $18.35 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. Endeavor Group Holdings, Inc. has a 52-week low of $17.65 and a 52-week high of $26.63.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Equities research analysts anticipate that Endeavor Group Holdings, Inc. will post 1.27 earnings per share for the current year.

Endeavor Group Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on EDR shares. 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. StockNews.com started coverage on Endeavor Group in a report on Monday, April 29th. They set a “hold” rating on the stock. UBS Group reiterated a “neutral” rating and set a $27.50 price target (down previously from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Seaport Res Ptn downgraded Endeavor Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $27.50 target price (down previously from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Endeavor Group currently has a consensus rating of “Hold” and a consensus price target of $29.30.

Insider Activity

In other Endeavor Group news, CFO Jason Lublin sold 46,419 shares of Endeavor Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,117,769.52. Following the sale, the chief financial officer now directly owns 112,457 shares of the company’s stock, valued at $2,707,964.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Seth D. Krauss sold 17,950 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $432,236.00. Following the completion of the sale, the chief accounting officer now directly owns 62,055 shares in the company, valued at $1,494,284.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jason Lublin sold 46,419 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,117,769.52. Following the sale, the chief financial officer now directly owns 112,457 shares of the company’s stock, valued at $2,707,964.56. 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. Corporate insiders own 82.08% of the company’s stock.

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.