Price T Rowe Associates Inc. MD Has $56.54 Million Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Price T Rowe Associates Inc. MD decreased its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 7.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,807,051 shares of the company’s stock after selling 135,077 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Endeavor Group were worth $56,544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EDR. Vanguard Group Inc. raised its holdings in shares of Endeavor Group by 8.3% in the 4th quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock worth $475,166,000 after buying an additional 1,167,887 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Endeavor Group by 15.8% in the 4th quarter. First Trust Advisors LP now owns 2,640,849 shares of the company’s stock worth $82,632,000 after buying an additional 360,198 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Endeavor Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,088,210 shares of the company’s stock worth $65,370,000 after buying an additional 10,323 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Endeavor Group by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,836,023 shares of the company’s stock worth $57,449,000 after buying an additional 57,154 shares in the last quarter. Finally, Water Island Capital LLC raised its holdings in shares of Endeavor Group by 1.5% in the 4th quarter. Water Island Capital LLC now owns 1,346,226 shares of the company’s stock worth $42,123,000 after buying an additional 19,565 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CAO Seth D. Krauss sold 13,280 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $30.03, for a total value of $398,798.40. Following the transaction, the chief accounting officer now directly owns 101,116 shares in the company, valued at approximately $3,036,513.48. This trade represents a 11.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell acquired 117,769 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was purchased at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the transaction, the insider now directly owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 767,820 shares of company stock worth $126,298,789 and have sold 21,176,517 shares worth $582,701,109. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Stock Up 4.2 %

NYSE EDR opened at $30.05 on Tuesday. The firm 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 one year low of $26.39 and a one year high of $35.99. The stock’s 50 day simple moving average is $29.82 and its 200 day simple moving average is $30.29. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EDR. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com started coverage on Endeavor Group in a research report on Saturday. They set 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.