Maven Securities LTD Makes New $2.27 Million Investment in Endeavor Group Holdings, Inc. (NYSE:EDR)

Maven Securities LTD acquired a new stake in Endeavor Group Holdings, Inc. (NYSE:EDR) in the second quarter, HoldingsChannel.com reports. The firm acquired 83,900 shares of the company’s stock, valued at approximately $2,268,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank grew its holdings in Endeavor Group by 8.1% in the 1st quarter. Swiss National Bank now owns 356,000 shares of the company’s stock valued at $9,160,000 after buying an additional 26,800 shares during the period. Sei Investments Co. acquired a new position in Endeavor Group during the first quarter worth approximately $644,000. Gabelli Funds LLC raised its stake in Endeavor Group by 125.0% during the first quarter. Gabelli Funds LLC now owns 71,899 shares of the company’s stock worth $1,850,000 after purchasing an additional 39,950 shares during the period. Caxton Associates LP acquired a new position in shares of Endeavor Group in the 4th quarter valued at $2,373,000. Finally, Davide Leone & Partners Investment Co Ltd. grew its stake in shares of Endeavor Group by 81.0% during the 2nd quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock valued at $22,947,000 after buying an additional 380,000 shares during the period. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Endeavor Group in a research report on Saturday. They issued a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Endeavor Group has a consensus rating of “Hold” and a consensus target price of $27.86.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,458,040.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. The disclosure for this sale can be found here. Insiders sold a total of 197,928 shares of company stock worth $5,542,191 in the last 90 days. 63.90% of the stock is owned by company insiders.

Endeavor Group Price Performance

Endeavor Group stock opened at $28.41 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $19.68 billion, a P/E ratio of 51.65 and a beta of 0.77. The firm has a fifty day moving average of $27.58 and a 200-day moving average of $26.94. Endeavor Group Holdings, Inc. has a 52-week low of $17.65 and a 52-week high of $28.64.

Endeavor Group (NYSE:EDR) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06). Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.87 billion. As a group, analysts predict that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current year.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.84%. The ex-dividend date was Monday, September 16th. Endeavor Group’s dividend payout ratio (DPR) is presently 43.64%.

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.