Sei Investments Co. Invests $6.37 Million in Endeavor Group Holdings, Inc. (NYSE:EDR)
Sei Investments Co. purchased a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 266,134 shares of the company’s stock, valued at approximately $6,366,000.
Several other large investors have also modified their holdings of EDR. Advisory Services Network LLC raised its stake in shares of Endeavor Group by 134.2% during the first quarter. Advisory Services Network LLC now owns 1,150 shares of the company’s stock worth $28,000 after purchasing an additional 659 shares during the last quarter. Covestor Ltd purchased a new position in Endeavor Group in the second quarter worth $33,000. Ossiam purchased a new position in Endeavor Group in the first quarter worth $60,000. Advisors Asset Management Inc. purchased a new position in Endeavor Group in the fourth quarter worth $72,000. Finally, Citigroup Inc. raised its position in Endeavor Group by 14.6% in the fourth quarter. Citigroup Inc. now owns 3,878 shares of the company’s stock worth $87,000 after acquiring an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 43.70% of the company’s stock.
Endeavor Group Trading Down 0.2 %
Shares of EDR stock opened at $24.26 on Monday. Endeavor Group Holdings, Inc. has a fifty-two week low of $17.65 and a fifty-two week high of $26.26. The stock has a market cap of $16.83 billion, a P/E ratio of 69.32, a P/E/G ratio of 4.85 and a beta of 0.87. The business has a fifty day simple moving average of $21.89 and a 200-day simple moving average of $22.62. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43.
Endeavor Group (NYSE:EDR – Get Free Report) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. Endeavor Group had a negative return on equity of 0.87% and a net margin of 2.41%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.26 billion. On average, analysts forecast that Endeavor Group Holdings, Inc. will post 0.34 earnings per share for the current fiscal year.
Endeavor Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 14th. Endeavor Group’s dividend payout ratio is currently 68.57%.
Analyst Upgrades and Downgrades
EDR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Endeavor Group from $33.00 to $35.00 in a research report on Wednesday, August 9th. StockNews.com upgraded Endeavor Group from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, TD Cowen initiated coverage on Endeavor Group in a research report on Tuesday, September 12th. They issued an “outperform” rating and a $28.00 price objective for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $32.00.
Get Our Latest Stock Analysis on EDR
Insider Activity
In related news, CFO Jason Lublin sold 10,416 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $22.31, for a total transaction of $232,380.96. Following the sale, the chief financial officer now owns 55,705 shares of the company’s stock, valued at $1,242,778.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 82.08% of the company’s stock.
About Endeavor Group (Free Report)
Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company worldwide. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings that license broadcast and other intellectual property rights and operate exclusive live events.
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