National Bank of Canada FI Buys Shares of 1,000,635 Endeavor Group Holdings, Inc. (NYSE:EDR)

National Bank of Canada FI purchased a new position in Endeavor Group Holdings, Inc. (NYSE:EDR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,000,635 shares of the company’s stock, valued at approximately $23,345,000. National Bank of Canada FI owned approximately 0.14% of Endeavor Group at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EDR. Levin Capital Strategies L.P. bought a new stake in Endeavor Group during the 4th quarter worth approximately $475,000. Natixis Advisors L.P. raised its holdings in shares of Endeavor Group by 16.8% during the fourth quarter. Natixis Advisors L.P. now owns 837,210 shares of the company’s stock worth $19,866,000 after acquiring an additional 120,258 shares during the period. Lindbrook Capital LLC lifted its position in Endeavor Group by 200.2% in the 4th quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after acquiring an additional 1,027 shares in the last quarter. NewEdge Wealth LLC boosted its stake in Endeavor Group by 7.9% in the 4th quarter. NewEdge Wealth LLC now owns 752,508 shares of the company’s stock worth $17,857,000 after purchasing an additional 54,780 shares during the period. Finally, Cerity Partners LLC increased its holdings in Endeavor Group by 5.2% during the 4th quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock worth $281,000 after purchasing an additional 590 shares in the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

Endeavor Group Stock Performance

NYSE EDR opened at $26.46 on Tuesday. The firm’s fifty day moving average price is $25.59 and its two-hundred day moving average price is $24.38. Endeavor Group Holdings, Inc. has a 1 year low of $17.65 and a 1 year high of $26.63. The firm has a market capitalization of $18.32 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.93 and a beta of 0.79. 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 analysts’ consensus estimates 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 analysts’ expectations of $1.55 billion. As a group, research analysts anticipate that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current year.

Endeavor Group Announces Dividend

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

EDR has been the topic of a number of research reports. TD Cowen boosted their price target on Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Jefferies Financial Group reaffirmed a “hold” rating and set a $27.50 price target (down previously from $29.00) on shares of Endeavor Group in a research report on Thursday, April 4th. Evercore ISI reiterated an “in-line” rating and issued a $27.50 price objective (down from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. StockNews.com started coverage on shares of Endeavor Group in a research report on Tuesday. They issued a “hold” rating on the stock. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.