Portfolio Design Labs LLC Purchases 41,665 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Portfolio Design Labs LLC lifted its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 42.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 139,243 shares of the company’s stock after acquiring an additional 41,665 shares during the period. Endeavor Group accounts for about 0.9% of Portfolio Design Labs LLC’s investment portfolio, making the stock its 26th largest holding. Portfolio Design Labs LLC’s holdings in Endeavor Group were worth $4,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EDR. LMR Partners LLP grew its stake in Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after purchasing an additional 1,290,867 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Endeavor Group by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after buying an additional 79,212 shares in the last quarter. Moran Wealth Management LLC purchased a new stake in shares of Endeavor Group in the 3rd quarter worth about $2,870,000. Athos Capital Ltd increased its stake in shares of Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after acquiring an additional 4,447,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Endeavor Group by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock valued at $50,804,000 after acquiring an additional 76,618 shares during the period. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Endeavor Group Stock Performance

Shares of EDR stock opened at $34.55 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 market capitalization of $23.64 billion, a price-to-earnings ratio of -16.85 and a beta of 0.74. Endeavor Group Holdings, Inc. has a one year low of $23.14 and a one year high of $34.77. The company’s 50-day moving average is $31.00 and its 200 day moving average is $29.35.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is currently -11.71%.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell purchased 263,200 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the acquisition, the insider now directly owns 418,587 shares in the company, valued at $61,519,731.39. The trade was a 169.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $214,293.75. Following the transaction, the chief accounting officer now directly owns 53,255 shares of the company’s stock, valued at $1,659,958.35. The trade was a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 1,301,460 shares of company stock worth $198,504,040 in the last three months. Insiders own 63.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.86.

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.