Zurcher Kantonalbank Zurich Cantonalbank Raises Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,789 shares of the company’s stock after buying an additional 1,066 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Endeavor Group were worth $1,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Longfellow Investment Management Co. LLC bought a new stake in shares of Endeavor Group in the 2nd quarter valued at about $75,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Endeavor Group during the first quarter valued at approximately $102,000. SG Americas Securities LLC purchased a new stake in shares of Endeavor Group during the second quarter valued at approximately $130,000. FMR LLC grew its holdings in shares of Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after purchasing an additional 2,248 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of Endeavor Group in the second quarter worth $226,000. 71.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 48,176 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total value of $1,399,031.04. Following the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. This represents a 2.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 225,272 shares of company stock worth $6,372,925. Company insiders own 63.90% of the company’s stock.

Endeavor Group Stock Performance

NYSE:EDR opened at $30.39 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a twelve month low of $22.64 and a twelve month high of $30.60. The stock has a market cap of $20.79 billion, a P/E ratio of -14.82 and a beta of 0.76. The firm’s fifty day simple moving average is $29.29 and its 200 day simple moving average is $27.96.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.79%. Endeavor Group’s payout ratio is -11.71%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Endeavor Group in a research report on Sunday, December 1st. They set a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Company Profile

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.