Banco BTG Pactual S.A. Invests $361,000 in Endeavor Group Holdings, Inc. (NYSE:EDR)

Banco BTG Pactual S.A. bought a new position in Endeavor Group Holdings, Inc. (NYSE:EDR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 11,556 shares of the company’s stock, valued at approximately $361,000.

A number of other hedge funds also recently bought and sold shares of EDR. Blue Trust Inc. lifted its position in Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after purchasing an additional 1,469 shares during the period. FNY Investment Advisers LLC purchased a new position in Endeavor Group in the fourth quarter worth about $96,000. FMR LLC increased its position in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the last quarter. KBC Group NV lifted its stake in shares of Endeavor Group by 65.3% in the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after purchasing an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in Endeavor Group during the fourth quarter valued at approximately $233,000. Institutional investors own 74.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EDR. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.50.

Endeavor Group Stock Up 4.2 %

Shares of NYSE EDR opened at $30.05 on Wednesday. The stock has a market capitalization of $20.62 billion, a price-to-earnings ratio of -14.66 and a beta of 0.72. Endeavor Group Holdings, Inc. has a 12-month low of $25.07 and a 12-month 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 firm’s 50-day moving average price is $30.73 and its 200-day moving average price is $29.98.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. Endeavor Group’s payout ratio is -9.02%.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 6,875 shares of Endeavor Group stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.17, for a total transaction of $214,293.75. Following the completion of the sale, the chief accounting officer now directly owns 53,255 shares in the company, valued at approximately $1,659,958.35. The trade was a 11.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell bought 177,861 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the acquisition, the insider now owns 2,188,966 shares of the company’s stock, valued at $363,346,466.34. This trade represents a 8.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 1,212,077 shares of company stock valued at $191,824,043 and sold 146,905 shares valued at $4,418,864. 63.90% of the stock is owned by corporate insiders.

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.