R Squared Ltd Acquires New Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

R Squared Ltd bought a new position in Endeavor Group Holdings, Inc. (NYSE:EDR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,140 shares of the company’s stock, valued at approximately $943,000. Endeavor Group makes up about 0.9% of R Squared Ltd’s holdings, making the stock its 6th largest position.

A number of other institutional investors have also recently made changes to their positions in the company. Athos Capital Ltd raised its position in Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after buying an additional 4,447,000 shares during the last quarter. LMR Partners LLP grew its position in Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after purchasing an additional 1,290,867 shares during the period. Geode Capital Management LLC raised its stake in Endeavor Group by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after buying an additional 79,212 shares during the last quarter. Polar Asset Management Partners Inc. lifted its holdings in shares of Endeavor Group by 300.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after buying an additional 1,500,000 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Endeavor Group by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock worth $50,804,000 after buying an additional 76,618 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Endeavor Group from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.86.

Insiders Place Their Bets

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 89,234 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $153.18 per share, for a total transaction of $13,668,864.12. Following the purchase, the insider now owns 1,347,034 shares in the company, valued at approximately $206,338,668.12. The trade was a 7.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William K. Fullerton sold 2,225 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the transaction, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at approximately $1,624,531.92. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 767,665 shares of company stock valued at $112,861,454. Insiders own 63.90% of the company’s stock.

Endeavor Group Price Performance

Shares of EDR opened at $31.14 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50 day moving average of $30.69 and a two-hundred day moving average of $29.04. Endeavor Group Holdings, Inc. has a twelve month low of $23.14 and a twelve month high of $32.29.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Endeavor Group’s payout ratio is -11.71%.

Endeavor Group 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.