Victory Capital Management Inc. Purchases 1,680 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Victory Capital Management Inc. boosted its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR) by 6.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 26,174 shares of the company’s stock after acquiring an additional 1,680 shares during the period. Victory Capital Management Inc.’s holdings in Endeavor Group were worth $819,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Blue Trust Inc. increased its holdings in Endeavor Group by 176.1% in the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after acquiring an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Endeavor Group in the 4th quarter worth about $96,000. FMR LLC grew its holdings in Endeavor Group by 67.6% during 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 last quarter. KBC Group NV grew its holdings in Endeavor Group by 65.3% during the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after purchasing an additional 2,842 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in Endeavor Group during the 4th quarter valued at about $233,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EDR shares. Seaport Res Ptn cut shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Stock Performance

EDR opened at $28.84 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market cap of $19.80 billion, a price-to-earnings ratio of -14.07 and a beta of 0.72. Endeavor Group Holdings, Inc. has a 52-week low of $25.07 and a 52-week high of $35.99. The firm’s fifty day simple moving average is $30.76 and its two-hundred day simple moving average is $29.90.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, February 28th. Endeavor Group’s dividend payout ratio is currently -9.02%.

Insider Buying and Selling

In related news, CAO William K. Fullerton sold 6,875 shares of Endeavor Group stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 53,255 shares in the company, valued at $1,659,958.35. The trade was a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell bought 177,861 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $165.99 per share, with a total value of $29,523,147.39. Following the acquisition, the insider now owns 2,188,966 shares in the company, valued at approximately $363,346,466.34. This represents a 8.84 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,212,077 shares of company stock worth $191,824,043 and sold 146,905 shares worth $4,418,864. 63.90% of the stock is owned by company insiders.

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.