Virtu Financial LLC Purchases Shares of 21,063 Endeavor Group Holdings, Inc. (NYSE:EDR)

Virtu Financial LLC acquired a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) during the 3rd quarter, Holdings Channel reports. The firm acquired 21,063 shares of the company’s stock, valued at approximately $602,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EDR. SG Americas Securities LLC acquired a new position in Endeavor Group during the second quarter worth approximately $130,000. &PARTNERS boosted its stake in shares of Endeavor Group by 3,331.5% during the 2nd quarter. &PARTNERS now owns 29,854 shares of the company’s stock worth $807,000 after acquiring an additional 28,984 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Endeavor Group by 28.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,723 shares of the company’s stock worth $1,074,000 after acquiring an additional 8,859 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in Endeavor Group in the 2nd quarter valued at $2,703,000. Finally, Pentwater Capital Management LP lifted its holdings in Endeavor Group by 457.0% during the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock valued at $356,796,000 after purchasing an additional 10,830,000 shares during the last quarter. 74.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a report on Monday, December 9th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.86.

Insider Buying and Selling at Endeavor Group

In other news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. The trade was a 7.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Patrick Whitesell purchased 60,208 shares of Endeavor Group stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the transaction, the insider now directly owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 225,272 shares of company stock valued at $6,372,925 in the last quarter. Company insiders own 63.90% of the company’s stock.

Endeavor Group Stock Up 0.1 %

EDR stock opened at $30.75 on Friday. The business’s fifty day moving average price is $29.56 and its two-hundred day moving average price is $28.14. The stock has a market capitalization of $21.04 billion, a price-to-earnings ratio of -15.00 and a beta of 0.76. Endeavor Group Holdings, Inc. has a fifty-two week low of $22.75 and a fifty-two week high of $30.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) 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.