River Road Asset Management LLC Sells 3,807 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

River Road Asset Management LLC decreased its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,345 shares of the company’s stock after selling 3,807 shares during the period. River Road Asset Management LLC’s holdings in Endeavor Group were worth $3,496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Morgan Stanley boosted its holdings in shares of Endeavor Group by 3.8% during the 3rd quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock valued at $244,340,000 after buying an additional 454,790 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Endeavor Group by 2.4% during the third quarter. Clearbridge Investments LLC now owns 4,300,851 shares of the company’s stock worth $85,587,000 after acquiring an additional 100,396 shares in the last quarter. Vanguard Group Inc. grew its holdings in Endeavor Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock worth $291,559,000 after purchasing an additional 254,550 shares during the period. FMR LLC increased its stake in shares of 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 purchasing an additional 184,212 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Endeavor Group by 10.3% during the third quarter. Bank of New York Mellon Corp now owns 281,396 shares of the company’s stock valued at $5,600,000 after purchasing an additional 26,178 shares during the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Endeavor Group Trading Up 0.4 %

Shares of EDR stock opened at $26.44 on Friday. The stock has a market capitalization of $18.31 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.91 and a beta of 0.82. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $25.09 and its 200 day moving average is $23.79. Endeavor Group Holdings, Inc. has a 12-month low of $17.65 and a 12-month high of $26.63.

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

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s dividend payout ratio (DPR) is presently 23.08%.

Insider Buying and Selling

In other Endeavor Group news, major shareholder Patrick Whitesell bought 1,642,970 shares of Endeavor Group stock in a transaction on Tuesday, April 9th. The stock was acquired at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the acquisition, the insider now owns 1,642,970 shares in the company, valued at $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, CAO Seth D. Krauss sold 17,950 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $432,236.00. Following the completion of the sale, the chief accounting officer now owns 62,055 shares of the company’s stock, valued at $1,494,284.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell bought 1,642,970 shares of Endeavor Group stock in a transaction that occurred on Tuesday, April 9th. The stock was purchased at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the acquisition, the insider now directly owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 197,465 shares of company stock valued at $4,847,868. 82.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EDR. Citigroup downgraded Endeavor Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $29.00 to $27.50 in a research note on Monday. UBS Group reissued a “neutral” rating and issued a $27.50 target price (down from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Jefferies Financial Group restated a “hold” rating and set a $27.50 price target (down from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. TD Cowen upped their price target on shares of Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Finally, Seaport Res Ptn downgraded shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Endeavor Group presently has a consensus rating of “Hold” and a consensus price target of $29.30.

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.