Bank of New York Mellon Corp Boosts Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Bank of New York Mellon Corp raised its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDRFree Report) by 10.3% in the third quarter, Holdings Channel.com reports. The fund owned 281,396 shares of the company’s stock after buying an additional 26,178 shares during the quarter. Bank of New York Mellon Corp’s holdings in Endeavor Group were worth $5,600,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its position in Endeavor Group by 7.3% during the third quarter. Raymond James & Associates now owns 97,601 shares of the company’s stock valued at $1,942,000 after acquiring an additional 6,668 shares during the period. Deltec Asset Management LLC grew its stake in shares of Endeavor Group by 126.4% in the third quarter. Deltec Asset Management LLC now owns 143,279 shares of the company’s stock valued at $2,851,000 after buying an additional 80,000 shares in the last quarter. Simplicity Solutions LLC grew its stake in shares of Endeavor Group by 1.7% in the third quarter. Simplicity Solutions LLC now owns 165,403 shares of the company’s stock valued at $3,292,000 after buying an additional 2,767 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Endeavor Group by 41.5% in the third quarter. Handelsbanken Fonder AB now owns 34,100 shares of the company’s stock valued at $679,000 after buying an additional 10,000 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Endeavor Group in the third quarter valued at about $215,000. Hedge funds and other institutional investors own 43.70% of the company’s stock.

Endeavor Group Trading Up 0.6 %

Shares of EDR opened at $25.48 on Wednesday. The company has a market capitalization of $17.68 billion, a P/E ratio of 72.79, a P/E/G ratio of 1.22 and a beta of 0.84. Endeavor Group Holdings, Inc. has a one year low of $17.65 and a one year high of $26.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50-day moving average price of $24.02 and a 200 day moving average price of $22.96.

Endeavor Group (NYSE:EDRGet Free Report) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.26 billion. Endeavor Group had a negative return on equity of 0.87% and a net margin of 2.41%. Sell-side analysts forecast that Endeavor Group Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, December 14th. Endeavor Group’s dividend payout ratio is currently 68.57%.

Insider Activity at Endeavor Group

In other Endeavor Group news, CFO Jason Lublin sold 52,080 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $24.48, for a total transaction of $1,274,918.40. Following the transaction, the chief financial officer now owns 55,705 shares of the company’s stock, valued at approximately $1,363,658.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Endeavor Group news, CFO Jason Lublin sold 52,080 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $24.48, for a total transaction of $1,274,918.40. Following the transaction, the chief financial officer now owns 55,705 shares of the company’s stock, valued at approximately $1,363,658.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO William K. Fullerton sold 8,407 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $23.37, for a total value of $196,471.59. Following the transaction, the chief accounting officer now directly owns 81,094 shares in the company, valued at approximately $1,895,166.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,299 shares of company stock valued at $2,534,855. Insiders own 82.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Endeavor Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Get Our Latest Report on Endeavor Group

Endeavor Group Company Profile

(Free Report)

Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company worldwide. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings that license broadcast and other intellectual property rights and operate exclusive live events.

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Institutional Ownership by Quarter for Endeavor Group (NYSE:EDR)

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