AGF Management Ltd. Reduces Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

AGF Management Ltd. trimmed its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 23.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,024 shares of the company’s stock after selling 26,144 shares during the period. AGF Management Ltd.’s holdings in Endeavor Group were worth $2,723,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 117,769 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the completion of the purchase, the insider now directly owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark S. Shapiro sold 74,525 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $30.04, for a total value of $2,238,731.00. Following the sale, the insider now owns 221,777 shares of the company’s stock, valued at $6,662,181.08. This represents a 25.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 1,475,277 shares of company stock worth $230,506,547 and have sold 146,905 shares worth $4,418,864. 63.90% of the stock is owned by corporate insiders.

Endeavor Group Trading Up 0.1 %

Endeavor Group stock opened at $28.83 on Friday. 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 Holdings, Inc. has a 12-month low of $24.41 and a 12-month high of $35.99. The firm has a market capitalization of $19.78 billion, a price-to-earnings ratio of -14.06 and a beta of 0.72. The firm has a 50 day moving average of $30.95 and a 200 day moving average of $29.85.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is -9.02%.

Analyst Ratings Changes

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

Endeavor Group 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.