Swiss National Bank Raises Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Swiss National Bank increased its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 393,600 shares of the company’s stock after acquiring an additional 39,200 shares during the period. Swiss National Bank’s holdings in Endeavor Group were worth $12,316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Endeavor Group in the 3rd quarter valued at approximately $364,000. Portfolio Design Labs LLC acquired a new stake in Endeavor Group in the 3rd quarter worth about $2,787,000. Moran Wealth Management LLC purchased a new position in Endeavor Group during the third quarter worth approximately $2,870,000. Charles Schwab Investment Management Inc. raised its position in shares of Endeavor Group by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock worth $50,804,000 after buying an additional 76,618 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Endeavor Group in the 3rd quarter worth about $1,591,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EDR shares. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a report 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.86.

Insider Activity

In other Endeavor Group news, CFO Jason Lublin sold 50,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $29.98, for a total transaction of $1,499,000.00. Following the completion of the transaction, the chief financial officer now directly owns 219,613 shares of the company’s stock, valued at approximately $6,583,997.74. This trade represents a 18.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO William K. Fullerton sold 6,875 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the sale, the chief accounting officer now directly owns 53,255 shares in the company, valued at $1,659,958.35. This represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 1,212,077 shares of company stock valued at $191,824,043 and sold 146,905 shares valued at $4,418,864. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Stock Performance

Shares of NYSE EDR opened at $29.01 on Thursday. The stock has a market capitalization of $19.91 billion, a P/E ratio of -14.15 and a beta of 0.72. Endeavor Group Holdings, Inc. has a 52-week low of $24.41 and a 52-week high of $35.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average price is $30.79 and its two-hundred day moving average price is $29.90.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is -9.02%.

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.