Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Purchased by Mirador Capital Partners LP

Mirador Capital Partners LP boosted its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 9.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,125 shares of the company’s stock after acquiring an additional 1,941 shares during the quarter. Mirador Capital Partners LP’s holdings in Endeavor Group were worth $569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its holdings in shares of Endeavor Group by 200.2% during the 4th quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after purchasing an additional 1,027 shares during the period. PNC Financial Services Group Inc. boosted its stake in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after buying an additional 399 shares during the period. Quest Partners LLC acquired a new stake in shares of Endeavor Group during the fourth quarter valued at about $177,000. Algert Global LLC purchased a new stake in shares of Endeavor Group in the 3rd quarter valued at approximately $246,000. Finally, Qsemble Capital Management LP acquired a new position in shares of Endeavor Group in the 4th quarter worth approximately $267,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Insider Activity

In related news, CAO William K. Fullerton sold 6,750 shares of Endeavor Group stock in a transaction on Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the sale, the chief accounting officer now directly owns 46,600 shares in the company, valued at approximately $1,235,366. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $26.51, for a total transaction of $178,942.50. Following the transaction, the chief accounting officer now owns 46,600 shares in the company, valued at approximately $1,235,366. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $26.52, for a total value of $552,464.64. Following the completion of the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at approximately $3,452,559.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,246 shares of company stock worth $1,843,419. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Stock Performance

Shares of EDR stock opened at $27.03 on Tuesday. The company has a market cap of $18.73 billion, a P/E ratio of 49.15 and a beta of 0.78. The firm has a fifty day moving average price of $26.70 and a 200 day moving average price of $25.38. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. Endeavor Group Holdings, Inc. has a 12 month low of $17.65 and a 12 month high of $27.06.

Endeavor Group (NYSE:EDR) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.50. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Sell-side analysts predict that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.89%. Endeavor Group’s dividend payout ratio is presently 43.64%.

Analyst Upgrades and Downgrades

EDR has been the topic of a number of research analyst reports. Piper Sandler lowered Endeavor Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th. Citigroup lowered Endeavor Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $29.00 to $27.50 in a research note on Monday, April 15th. 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. TD Cowen increased their price target on shares of Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Finally, Seaport Res Ptn lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 2nd. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Endeavor Group presently has a consensus rating of “Hold” and an average price target of $28.89.

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.