Quest Partners LLC Invests $2 Million in Endeavor Group Holdings, Inc. (NYSE:EDR)

Quest Partners LLC bought a new stake in Endeavor Group Holdings, Inc. (NYSE:EDR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 70,052 shares of the company’s stock, valued at approximately $2,001,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EDR. Longfellow Investment Management Co. LLC acquired a new stake in shares of Endeavor Group in the second quarter valued at approximately $75,000. DekaBank Deutsche Girozentrale bought a new position in Endeavor Group during the first quarter worth $102,000. SG Americas Securities LLC acquired a new position in shares of Endeavor Group in the second quarter valued at $130,000. CIBC Asset Management Inc bought a new position in shares of Endeavor Group in the second quarter valued at about $226,000. Finally, ProShare Advisors LLC bought a new position in shares of Endeavor Group in the second quarter valued at about $255,000. Institutional investors own 71.37% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. This represents a 7.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 225,272 shares of company stock worth $6,372,925 in the last 90 days. Company insiders own 63.90% of the company’s stock.

Endeavor Group Price Performance

Shares of Endeavor Group stock opened at $29.10 on Tuesday. The company has a 50-day simple moving average of $28.75 and a two-hundred day simple moving average of $27.67. Endeavor Group Holdings, Inc. has a twelve month low of $22.64 and a twelve month high of $29.67. The stock has a market capitalization of $19.91 billion, a price-to-earnings ratio of -14.20 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Monday, September 16th. Endeavor Group’s dividend payout ratio is currently -11.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a research note on Friday. They issued a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.