Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its stake in Endeavor Group Holdings, Inc. (NYSE:EDR) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,108 shares of the company’s stock after buying an additional 447 shares during the quarter. CIBC Asset Management Inc’s holdings in Endeavor Group were worth $285,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EDR. Blue Trust Inc. raised its position in Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after acquiring an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Endeavor Group during the 4th quarter valued at approximately $96,000. FMR LLC lifted its stake in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the period. KBC Group NV boosted its holdings in Endeavor Group by 65.3% during the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after buying an additional 2,842 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Endeavor Group during the fourth quarter worth $233,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Insider Activity

In other news, major shareholder Patrick Whitesell acquired 117,769 shares of Endeavor Group stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the purchase, the insider now owns 2,579,437 shares in the company, valued at $452,433,249.80. This trade represents a 4.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William K. Fullerton sold 2,225 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total value of $68,040.50. Following the completion of the transaction, the chief accounting officer now owns 53,124 shares in the company, valued at $1,624,531.92. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 1,535,485 shares of company stock worth $239,160,243 over the last quarter. 63.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EDR has been the subject of a number of analyst reports. StockNews.com downgraded shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Endeavor Group presently has an average rating of “Hold” and an average target price of $27.86.

Endeavor Group Stock Down 2.4 %

EDR opened at $30.01 on Tuesday. The company has a market cap of $20.53 billion, a PE ratio of -14.64 and a beta of 0.74. Endeavor Group Holdings, Inc. has a twelve month low of $23.14 and a twelve month high of $35.99. The company has a 50-day moving average price of $31.38 and a 200 day moving average price of $29.69. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. Endeavor Group’s 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.