LMR Partners LLP Increases Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

LMR Partners LLP lifted its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 41.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,393,759 shares of the company’s stock after purchasing an additional 1,290,867 shares during the quarter. Endeavor Group accounts for about 1.0% of LMR Partners LLP’s portfolio, making the stock its largest position. LMR Partners LLP’s holdings in Endeavor Group were worth $125,486,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Quest Partners LLC bought a new position in Endeavor Group during the 3rd quarter worth $2,001,000. GSA Capital Partners LLP bought a new position in Endeavor Group during the third quarter worth $364,000. Entropy Technologies LP acquired a new position in shares of Endeavor Group in the 3rd quarter valued at about $453,000. Palliser Capital UK Ltd boosted its position in shares of Endeavor Group by 230.0% during the 3rd quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after purchasing an additional 862,380 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in shares of Endeavor Group by 30.6% during the 3rd quarter. Vest Financial LLC now owns 53,811 shares of the company’s stock worth $1,537,000 after buying an additional 12,623 shares in the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

Insider Activity at Endeavor Group

In related news, CEO Ariel Emanuel sold 149,280 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $51,458,040.70. This represents a 7.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $28.98 on Monday. Endeavor Group Holdings, Inc. has a twelve month low of $22.64 and a twelve month high of $29.67. The firm has a market capitalization of $19.83 billion, a price-to-earnings ratio of -14.14 and a beta of 0.77. The stock’s 50 day moving average is $28.72 and its 200-day moving average is $27.66. The company has a quick ratio of 0.62, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Monday, September 16th. Endeavor Group’s dividend payout ratio is currently -11.71%.

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.