Gamco Investors INC. ET AL Reduces Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Gamco Investors INC. ET AL reduced its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 18.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,397 shares of the company’s stock after selling 12,903 shares during the period. Gamco Investors INC. ET AL’s holdings in Endeavor Group were worth $1,827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EDR. FMR LLC grew its holdings in Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after acquiring an additional 2,248 shares in the last quarter. Barclays PLC lifted its position in shares of Endeavor Group by 5,247.7% during the third quarter. Barclays PLC now owns 318,188 shares of the company’s stock worth $9,087,000 after purchasing an additional 312,238 shares during the last quarter. Geode Capital Management LLC grew its stake in Endeavor Group by 4.0% in the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after purchasing an additional 79,212 shares in the last quarter. Virtu Financial LLC acquired a new stake in Endeavor Group during the third quarter valued at approximately $602,000. Finally, Tidal Investments LLC lifted its holdings in Endeavor Group by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after buying an additional 620 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com initiated coverage on shares of Endeavor Group in a report on Friday. They set a “sell” rating on the stock.

Endeavor Group Stock Up 4.2 %

NYSE:EDR opened at $30.05 on Friday. The firm has a market capitalization of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. Endeavor Group Holdings, Inc. has a 52 week low of $26.34 and a 52 week high of $35.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $30.26 and a 200-day moving average of $30.23.

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, February 28th. Endeavor Group’s dividend payout ratio is presently -9.02%.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CAO Seth D. Krauss sold 13,280 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $30.03, for a total transaction of $398,798.40. Following the completion of the transaction, the chief accounting officer now owns 101,116 shares in the company, valued at approximately $3,036,513.48. The trade was a 11.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Canada Pension Plan Investment sold 21,038,712 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $27.50, for a total value of $578,564,580.00. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 1,086,488 shares of company stock worth $173,857,280 and have sold 21,176,517 shares worth $582,701,109. 63.90% of the stock is currently owned by company insiders.

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.