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

Banco BTG Pactual S.A. bought a new stake in Endeavor Group Holdings, Inc. (NYSE:EDR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,556 shares of the company’s stock, valued at approximately $361,000.

Other large investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its holdings in Endeavor Group by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock valued at $285,000 after purchasing an additional 447 shares during the period. Tidal Investments LLC boosted its position in shares of Endeavor Group by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after purchasing an additional 620 shares in the last quarter. Mirador Capital Partners LP increased its holdings in Endeavor Group by 3.0% in the fourth quarter. Mirador Capital Partners LP now owns 27,057 shares of the company’s stock worth $847,000 after purchasing an additional 792 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Endeavor Group by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after buying an additional 1,066 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Endeavor Group by 176.1% during the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after buying an additional 1,469 shares during the period. Institutional investors own 74.99% of the company’s stock.

Insider Activity

In other news, CAO Seth D. Krauss sold 13,280 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $30.03, for a total transaction of $398,798.40. Following the transaction, the chief accounting officer now directly owns 101,116 shares of the company’s stock, valued at approximately $3,036,513.48. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO William K. Fullerton sold 6,875 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the sale, the chief accounting officer now owns 53,255 shares of the company’s stock, valued at $1,659,958.35. The trade was a 11.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,212,077 shares of company stock worth $191,824,043 and sold 146,905 shares worth $4,418,864. 63.90% of the stock is owned by company insiders.

Endeavor Group Stock Up 4.2 %

EDR stock opened at $30.05 on Wednesday. The stock has a fifty day moving average of $30.73 and a 200-day moving average of $29.98. Endeavor Group Holdings, Inc. has a fifty-two week low of $25.07 and a fifty-two week high of $35.99. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of -14.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Endeavor Group Announces Dividend

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

Wall Street Analyst Weigh In

EDR has been the subject of several research analyst reports. StockNews.com downgraded shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Endeavor Group presently has a consensus rating of “Hold” and a consensus price target of $27.50.

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.