Intellectus Partners LLC Sells 18,547 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Intellectus Partners LLC lowered its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 31.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,206 shares of the company’s stock after selling 18,547 shares during the period. Intellectus Partners LLC’s holdings in Endeavor Group were worth $954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EDR. Lindbrook Capital LLC increased its stake in shares of Endeavor Group by 200.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after buying an additional 1,027 shares during the period. Exchange Traded Concepts LLC bought a new stake in Endeavor Group in the third quarter valued at approximately $215,000. Steph & Co. increased its position in Endeavor Group by 5.1% during the 3rd quarter. Steph & Co. now owns 12,088 shares of the company’s stock valued at $241,000 after purchasing an additional 591 shares during the period. Algert Global LLC bought a new position in Endeavor Group during the 3rd quarter worth approximately $246,000. Finally, Cerity Partners LLC lifted its position in shares of Endeavor Group by 5.2% in the 4th quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock worth $281,000 after purchasing an additional 590 shares during the period. Institutional investors and hedge funds own 71.37% of the company’s stock.

Analyst Ratings Changes

EDR has been the subject of a number of analyst reports. Evercore ISI reissued an “in-line” rating and set a $27.50 target price (down previously from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Guggenheim reaffirmed a “neutral” rating and set a $27.50 target price (down previously from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Seaport Res Ptn lowered Endeavor Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $27.50 price objective (down previously from $30.00) on shares of Endeavor Group in a research report on Friday, April 5th. Finally, Citigroup lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $29.00 to $27.50 in a research note on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $29.30.

Endeavor Group Price Performance

EDR opened at $26.50 on Monday. The firm has a market cap of $18.35 billion, a P/E ratio of 25.48, a PEG ratio of 1.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. Endeavor Group Holdings, Inc. has a fifty-two week low of $17.65 and a fifty-two week high of $26.63. The firm has a 50-day moving average of $25.36 and a 200 day moving average of $24.10.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.55 billion. On average, research analysts expect that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current year.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s dividend payout ratio is 23.08%.

Insider Transactions at Endeavor Group

In other news, CAO Seth D. Krauss sold 17,950 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $432,236.00. Following the completion of the transaction, the chief accounting officer now directly owns 62,055 shares in the company, valued at approximately $1,494,284.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Jason Lublin sold 46,419 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,117,769.52. Following the transaction, the chief financial officer now directly owns 112,457 shares in the company, valued at approximately $2,707,964.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Seth D. Krauss sold 17,950 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total transaction of $432,236.00. Following the sale, the chief accounting officer now owns 62,055 shares of the company’s stock, valued at $1,494,284.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,633 shares of company stock valued at $4,317,277. 82.08% of the stock is owned by corporate 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.