State of New Jersey Common Pension Fund D Sells 536 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

State of New Jersey Common Pension Fund D lessened its stake in Endeavor Group Holdings, Inc. (NYSE:EDR) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,288 shares of the company’s stock after selling 536 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Endeavor Group were worth $2,065,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Swiss National Bank increased its stake in Endeavor Group by 8.1% in the 1st quarter. Swiss National Bank now owns 356,000 shares of the company’s stock worth $9,160,000 after purchasing an additional 26,800 shares during the period. Sei Investments Co. purchased a new position in shares of Endeavor Group in the first quarter valued at about $644,000. Russell Investments Group Ltd. raised its stake in shares of Endeavor Group by 2.3% during the first quarter. Russell Investments Group Ltd. now owns 264,532 shares of the company’s stock valued at $6,806,000 after acquiring an additional 5,933 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Endeavor Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 13,683,577 shares of the company’s stock worth $352,078,000 after purchasing an additional 219,384 shares during the period. Finally, Covestor Ltd lifted its holdings in Endeavor Group by 3,665.7% in the 1st quarter. Covestor Ltd now owns 75,540 shares of the company’s stock worth $1,944,000 after buying an additional 73,534 shares during the period. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

Endeavor Group Stock Performance

Shares of EDR stock opened at $28.99 on Friday. The company’s fifty day moving average price is $28.72 and its 200-day moving average price is $27.64. The stock has a market cap of $19.84 billion, a PE ratio of -14.14 and a beta of 0.77. The company has a current ratio of 0.63, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a 12 month low of $22.64 and a 12 month high of $29.67.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Monday, September 16th. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Insider Buying and Selling at Endeavor Group

In related news, CEO Ariel Emanuel sold 27,816 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,293,228.47. This represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 225,272 shares of company stock valued at $6,372,925. Corporate insiders own 63.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Endeavor Group in a report on Friday. They issued a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.86.

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.