Illinois Municipal Retirement Fund Makes New Investment in Endeavor Group Holdings, Inc. (NYSE:EDR)

Illinois Municipal Retirement Fund bought a new stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) in the 4th quarter, Holdings Channel reports. The fund bought 59,609 shares of the company’s stock, valued at approximately $1,865,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EDR. Handelsbanken Fonder AB grew its stake in Endeavor Group by 100.5% during the 4th quarter. Handelsbanken Fonder AB now owns 43,100 shares of the company’s stock valued at $1,349,000 after purchasing an additional 21,600 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Endeavor Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock worth $285,000 after purchasing an additional 447 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Endeavor Group by 5.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 75,985 shares of the company’s stock worth $2,378,000 after purchasing an additional 3,697 shares during the last quarter. Portfolio Design Labs LLC increased its stake in shares of Endeavor Group by 42.7% in the fourth quarter. Portfolio Design Labs LLC now owns 139,243 shares of the company’s stock worth $4,357,000 after buying an additional 41,665 shares during the last quarter. Finally, Vest Financial LLC increased its stake in shares of Endeavor Group by 46.5% in the fourth quarter. Vest Financial LLC now owns 78,831 shares of the company’s stock worth $2,467,000 after buying an additional 25,020 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on EDR. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. StockNews.com downgraded shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.86.

Endeavor Group Stock Up 4.2 %

EDR stock opened at $32.05 on Friday. 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 Holdings, Inc. has a 1-year low of $23.51 and a 1-year high of $35.99. The firm has a fifty day moving average price of $31.39 and a two-hundred day moving average price of $29.76. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of -15.63 and a beta of 0.74.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group’s dividend payout ratio is presently -11.71%.

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 stock was purchased at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the purchase, the insider now directly owns 418,587 shares in the company, valued at $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO William K. Fullerton sold 2,225 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the transaction, the chief accounting officer now owns 53,124 shares of the company’s stock, valued at $1,624,531.92. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 1,535,485 shares of company stock valued at $239,160,243 and sold 146,905 shares valued at $4,418,864. Insiders own 63.90% of the company’s stock.

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.