Quarry LP Sells 110,000 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Quarry LP lessened its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 59.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,000 shares of the company’s stock after selling 110,000 shares during the quarter. Quarry LP’s holdings in Endeavor Group were worth $2,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in Endeavor Group by 176.1% during the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after buying an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Endeavor Group in the fourth quarter valued at about $96,000. KBC Group NV boosted its position in Endeavor Group by 65.3% in the fourth 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 last quarter. Everence Capital Management Inc. bought a new stake in shares of Endeavor Group during the 4th quarter valued at about $233,000. Finally, Tidal Investments LLC lifted its stake in shares of Endeavor Group by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after purchasing an additional 620 shares during the period. Institutional investors own 74.99% of the company’s stock.

Endeavor Group Trading Up 4.2 %

Shares of NYSE:EDR opened at $30.05 on Friday. The stock has a 50 day moving average of $29.84 and a 200 day moving average of $30.28. The company has a market cap of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. Endeavor Group Holdings, Inc. has a 12-month low of $26.39 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.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. Endeavor Group’s dividend payout ratio (DPR) is presently -9.02%.

Insider Activity

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 89,234 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average price of $153.18 per share, with a total value of $13,668,864.12. Following the completion of the purchase, the insider now directly owns 1,347,034 shares in the company, valued at approximately $206,338,668.12. The trade was a 7.09 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Seth D. Krauss sold 13,280 shares of Endeavor Group stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $30.03, for a total value of $398,798.40. Following the sale, the chief accounting officer now directly owns 101,116 shares in the company, valued at $3,036,513.48. This trade represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 857,054 shares of company stock worth $139,967,653 and have sold 21,176,517 shares worth $582,701,109. Insiders own 63.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Seaport Res Ptn cut shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com began coverage on Endeavor Group in a report on Saturday. They issued a “sell” rating on the stock.

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.