Levin Capital Strategies L.P. Buys New Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Levin Capital Strategies L.P. bought a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) in the fourth quarter, HoldingsChannel.com reports. The firm bought 20,000 shares of the company’s stock, valued at approximately $475,000.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Endeavor Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock valued at $291,559,000 after purchasing an additional 254,550 shares during the last quarter. Morgan Stanley grew its position in Endeavor Group by 3.8% during the third quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock worth $244,340,000 after buying an additional 454,790 shares in the last quarter. FMR LLC increased its stake in Endeavor Group by 3.7% during the third quarter. FMR LLC now owns 5,145,883 shares of the company’s stock valued at $102,403,000 after acquiring an additional 184,212 shares during the period. Clearbridge Investments LLC raised its holdings in Endeavor Group by 2.4% in the 3rd quarter. Clearbridge Investments LLC now owns 4,300,851 shares of the company’s stock valued at $85,587,000 after acquiring an additional 100,396 shares in the last quarter. Finally, Dendur Capital LP lifted its position in shares of Endeavor Group by 6.6% in the 3rd quarter. Dendur Capital LP now owns 3,612,000 shares of the company’s stock worth $71,879,000 after acquiring an additional 225,000 shares during the period. 71.37% of the stock is currently owned by institutional investors.

Endeavor Group Trading Up 0.3 %

Shares of EDR traded up $0.07 during trading hours on Thursday, hitting $26.48. 1,391,758 shares of the stock traded hands, compared to its average volume of 4,233,400. The business has a fifty day moving average of $25.50 and a 200-day moving average of $24.23. The firm has a market capitalization of $18.34 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.92 and a beta of 0.79. Endeavor Group Holdings, Inc. has a 1-year low of $17.65 and a 1-year high of $26.63. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Endeavor Group (NYSE:EDR) last issued its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.55 billion. Analysts expect that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current year.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, March 14th. Endeavor Group’s payout ratio is 23.08%.

Insider Activity

In related news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the stock in a transaction dated Tuesday, April 9th. The stock was bought at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the purchase, the insider now directly owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Endeavor Group news, insider Mark S. Shapiro sold 70,600 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,700,048.00. Following the completion of the sale, the insider now directly owns 81,460 shares in the company, valued at $1,961,556.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell acquired 1,642,970 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were acquired at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the acquisition, the insider now directly owns 1,642,970 shares in the company, valued at $146,240,759.70. The disclosure for this purchase can be found here. Insiders have sold a total of 176,633 shares of company stock valued at $4,317,277 in the last 90 days. 82.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EDR shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $27.50 target price (down from $29.00) on shares of Endeavor Group in a research report on Thursday, April 4th. Evercore ISI reiterated an “in-line” rating and set a $27.50 price objective (down from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. UBS Group reiterated a “neutral” rating and set a $27.50 target price (down previously from $31.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Seaport Res Ptn cut shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Guggenheim reiterated a “neutral” rating and issued a $27.50 target price (down previously from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Endeavor Group has an average rating of “Hold” and a consensus target price of $29.30.

Endeavor Group Company Profile

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.