Mirador Capital Partners LP Boosts Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Mirador Capital Partners LP increased its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR) by 9.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,125 shares of the company’s stock after purchasing an additional 1,941 shares during the period. Mirador Capital Partners LP’s holdings in Endeavor Group were worth $569,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC increased its position in shares of Endeavor Group by 200.2% during the 4th quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after purchasing an additional 1,027 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after acquiring an additional 399 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Endeavor Group in the fourth quarter valued at $177,000. Algert Global LLC purchased a new stake in shares of Endeavor Group in the third quarter valued at $246,000. Finally, Qsemble Capital Management LP bought a new stake in shares of Endeavor Group in the 4th quarter worth about $267,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EDR. StockNews.com assumed coverage on shares of Endeavor Group in a research report on Tuesday. They issued a “hold” rating on the stock. UBS Group reissued a “neutral” rating and set a $27.50 price target (down from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. TD Cowen upped their price objective on Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Piper Sandler downgraded Endeavor Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $27.50 price target (down from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.89.

Insiders Place Their Bets

In other news, CAO William K. Fullerton sold 6,750 shares of Endeavor Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $26.51, for a total value of $178,942.50. Following the transaction, the chief accounting officer now owns 46,600 shares of the company’s stock, valued at approximately $1,235,366. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Endeavor Group news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were acquired at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the purchase, the insider now owns 1,642,970 shares of the company’s stock, valued at $146,240,759.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO William K. Fullerton sold 6,750 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the transaction, the chief accounting officer now owns 46,600 shares in the company, valued at approximately $1,235,366. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,246 shares of company stock worth $1,843,419. 63.90% of the stock is owned by corporate insiders.

Endeavor Group Price Performance

Shares of EDR opened at $27.03 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16. The company has a 50 day moving average price of $26.70 and a 200-day moving average price of $25.38. Endeavor Group Holdings, Inc. has a fifty-two week low of $17.65 and a fifty-two week high of $27.06. The stock has a market capitalization of $18.73 billion, a PE ratio of 49.15 and a beta of 0.78.

Endeavor Group (NYSE:EDR) last posted its earnings results on Thursday, May 9th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.50. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. Equities analysts predict that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.06 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.24 annualized dividend and a yield of 0.89%. Endeavor Group’s dividend payout ratio (DPR) is presently 43.64%.

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.