Moran Wealth Management LLC Buys 5,376 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Moran Wealth Management LLC increased its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,871 shares of the company’s stock after acquiring an additional 5,376 shares during the quarter. Moran Wealth Management LLC’s holdings in Endeavor Group were worth $3,313,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of EDR. Blue Trust Inc. increased 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 worth $66,000 after acquiring an additional 1,469 shares during the period. FNY Investment Advisers LLC bought a new position in Endeavor Group during the fourth quarter worth about $96,000. FMR LLC increased its position in Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after acquiring an additional 2,248 shares during the period. KBC Group NV increased its position 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 acquiring an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. bought a new position in Endeavor Group during the fourth quarter worth about $233,000. 74.99% of the stock is owned by institutional investors.

Endeavor Group Price Performance

EDR stock opened at $28.60 on Tuesday. 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 Holdings, Inc. has a 12 month low of $24.41 and a 12 month high of $35.99. The firm has a market cap of $19.63 billion, a P/E ratio of -13.95 and a beta of 0.72. The company’s 50-day moving average price is $31.10 and its two-hundred day moving average price is $29.85.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.84%. Endeavor Group’s payout ratio is currently -9.02%.

Insider Activity

In other news, CAO William K. Fullerton sold 6,875 shares of the firm’s 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 sale, the chief accounting officer now directly owns 53,255 shares in the company, valued at approximately $1,659,958.35. This trade represents a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell purchased 263,200 shares of Endeavor Group stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the purchase, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. This represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,535,485 shares of company stock worth $239,160,243 and have sold 146,905 shares worth $4,418,864. 63.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EDR. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. 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 MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.86.

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.