Zurcher Kantonalbank Zurich Cantonalbank Lowers Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,864 shares of the company’s stock after selling 2,219 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Endeavor Group were worth $732,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EDR. NewEdge Wealth LLC boosted its position in shares of Endeavor Group by 7.9% in the 4th quarter. NewEdge Wealth LLC now owns 752,508 shares of the company’s stock worth $17,857,000 after purchasing an additional 54,780 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Endeavor Group by 5.2% in the fourth quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock worth $281,000 after acquiring an additional 590 shares during the last quarter. Mirador Capital Partners LP increased its holdings in shares of Endeavor Group by 3.8% during the fourth quarter. Mirador Capital Partners LP now owns 20,184 shares of the company’s stock valued at $479,000 after acquiring an additional 732 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Endeavor Group by 9.2% during the fourth quarter. Raymond James & Associates now owns 106,552 shares of the company’s stock valued at $2,528,000 after acquiring an additional 8,951 shares in the last quarter. Finally, Renaissance Capital LLC raised its position in shares of Endeavor Group by 26.5% in the 4th quarter. Renaissance Capital LLC now owns 100,907 shares of the company’s stock worth $2,395,000 after purchasing an additional 21,136 shares during the last quarter. Institutional investors own 71.37% of the company’s stock.

Endeavor Group Stock Down 0.2 %

Endeavor Group stock opened at $26.44 on Tuesday. Endeavor Group Holdings, Inc. has a one year low of $17.65 and a one year high of $26.63. The stock has a fifty day moving average of $25.40 and a 200 day moving average of $24.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $18.31 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.93 and a beta of 0.82.

Endeavor Group (NYSE:EDR) last released 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 net margin of 5.98% and a return on equity of 1.05%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.55 billion. As a group, sell-side analysts predict that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current year.

Endeavor Group Announces Dividend

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

Insider Transactions at Endeavor Group

In other news, insider Mark S. Shapiro sold 70,600 shares of the company’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 $1,700,048.00. Following the completion of the sale, the insider now directly owns 81,460 shares in the company, valued at approximately $1,961,556.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Mark S. Shapiro sold 70,600 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,700,048.00. Following the transaction, the insider now owns 81,460 shares of the company’s stock, valued at $1,961,556.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Seth D. Krauss sold 17,950 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total value of $432,236.00. Following the transaction, the chief accounting officer now owns 62,055 shares of the company’s stock, valued at $1,494,284.40. The disclosure for this sale can be found here. Insiders have sold 176,633 shares of company stock worth $4,317,277 in the last 90 days. 82.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EDR. Guggenheim restated a “neutral” rating and set a $27.50 price objective (down from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Seaport Res Ptn lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. TD Cowen increased their target price on Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $27.50 price target (down previously from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. Finally, StockNews.com began coverage on Endeavor Group in a report on Monday. They set a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $29.30.

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.