R Squared Ltd Takes $943,000 Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

R Squared Ltd purchased a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Endeavor Group by 15.9% during the second quarter. Dimensional Fund Advisors LP now owns 964,389 shares of the company’s stock worth $26,066,000 after purchasing an additional 132,312 shares in the last quarter. Sei Investments Co. grew its stake in Endeavor Group by 90.5% in the 2nd quarter. Sei Investments Co. now owns 47,653 shares of the company’s stock valued at $1,288,000 after acquiring an additional 22,637 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Endeavor Group in the second quarter valued at about $255,000. The Manufacturers Life Insurance Company raised its position in shares of Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after purchasing an additional 1,346 shares during the last quarter. Finally, Maven Securities LTD acquired a new stake in Endeavor Group in the 2nd quarter worth about $2,268,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell acquired 263,200 shares of the stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. This represents a 169.38 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO William K. Fullerton sold 2,225 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total transaction of $68,040.50. Following the completion of the sale, the chief accounting officer now directly owns 53,124 shares in the company, 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. In the last ninety days, insiders acquired 767,665 shares of company stock valued at $112,861,454. 63.90% of the stock is currently owned by insiders.

Endeavor Group Stock Down 1.7 %

Endeavor Group stock 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 price of $30.69 and a 200 day moving average price of $29.04. Endeavor Group Holdings, Inc. has a 12-month low of $23.14 and a 12-month high of $32.29.

Endeavor Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.