Everence Capital Management Inc. Invests $233,000 in Endeavor Group Holdings, Inc. (NYSE:EDR)

Everence Capital Management Inc. purchased a new stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,450 shares of the company’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in Endeavor Group by 1.8% during the second quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after acquiring an additional 898 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Endeavor Group in the 2nd quarter worth approximately $1,670,000. Vest Financial LLC grew its stake in shares of Endeavor Group by 24.4% in the 2nd quarter. Vest Financial LLC now owns 41,188 shares of the company’s stock worth $1,113,000 after buying an additional 8,071 shares during the last quarter. JBF Capital Inc. bought a new position in Endeavor Group during the 2nd quarter valued at approximately $622,000. Finally, Alpine Associates Management Inc. purchased a new position in Endeavor Group during the second quarter valued at $25,462,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Endeavor Group Trading Down 1.0 %

Endeavor Group stock opened at $30.34 on Thursday. Endeavor Group Holdings, Inc. has a one year low of $22.77 and a one year high of $31.49. The business’s fifty day moving average is $30.24 and its 200 day moving average is $28.69. The stock has a market capitalization of $20.76 billion, a PE ratio of -14.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Monday, December 16th. Endeavor Group’s payout ratio is presently -11.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.86.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 6,875 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.17, for a total value of $214,293.75. Following the transaction, the chief accounting officer now directly owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. This trade represents a 11.43 % decrease in their ownership of the stock. The sale 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 the business’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the purchase, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 63.90% of the company’s stock.

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.