Handelsbanken Fonder AB Boosts Stock Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Handelsbanken Fonder AB increased its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 100.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,100 shares of the company’s stock after buying an additional 21,600 shares during the period. Handelsbanken Fonder AB’s holdings in Endeavor Group were worth $1,349,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Palliser Capital UK Ltd grew its holdings in Endeavor Group by 230.0% in the third 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 during the period. Entropy Technologies LP purchased a new position in shares of Endeavor Group during the 3rd quarter valued at approximately $453,000. GSA Capital Partners LLP acquired a new position in shares of Endeavor Group during the 3rd quarter worth about $364,000. Quest Partners LLC purchased a new position in Endeavor Group in the 3rd quarter valued at about $2,001,000. Finally, LMR Partners LLP boosted its holdings in Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after buying an additional 1,290,867 shares during the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

Endeavor Group Stock Performance

NYSE EDR opened at $31.19 on Thursday. The stock has a market cap of $21.34 billion, a PE ratio of -15.21 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 stock has a fifty day simple moving average of $31.38 and a 200-day simple moving average of $29.73. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, February 28th. Endeavor Group’s dividend payout ratio is presently -11.71%.

Wall Street Analyst Weigh In

A number of brokerages have commented on EDR. Seaport Res Ptn cut 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 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.86.

Insider Activity

In other news, CAO Seth D. Krauss sold 13,280 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $30.03, for a total transaction of $398,798.40. Following the sale, the chief accounting officer now owns 101,116 shares of the company’s stock, valued at approximately $3,036,513.48. This represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction on Monday, January 6th. The shares were 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 owns 53,255 shares in the company, valued at approximately $1,659,958.35. The trade was a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,535,485 shares of company stock valued at $239,160,243 and have sold 146,905 shares valued at $4,418,864. Insiders own 63.90% of the company’s stock.

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.