XTX Topco Ltd Takes Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

XTX Topco Ltd purchased a new stake in Endeavor Group Holdings, Inc. (NYSE:EDR) in the second quarter, according to its most recent filing with the SEC. The fund purchased 37,497 shares of the company’s stock, valued at approximately $1,014,000.

A number of other institutional investors have also made changes to their positions in EDR. Swiss National Bank boosted its position in Endeavor Group by 8.1% during the 1st quarter. Swiss National Bank now owns 356,000 shares of the company’s stock valued at $9,160,000 after purchasing an additional 26,800 shares during the period. Sei Investments Co. acquired a new position in Endeavor Group during the 1st quarter valued at approximately $644,000. Gabelli Funds LLC boosted its position in Endeavor Group by 125.0% during the 1st quarter. Gabelli Funds LLC now owns 71,899 shares of the company’s stock valued at $1,850,000 after purchasing an additional 39,950 shares during the period. Caxton Associates LP acquired a new position in Endeavor Group during the 4th quarter valued at approximately $2,373,000. Finally, JBF Capital Inc. acquired a new position in Endeavor Group during the 2nd quarter valued at approximately $622,000. 71.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Endeavor Group in a research report on Friday. They set a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Endeavor Group has a consensus rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Trading Up 1.3 %

Shares of EDR stock opened at $28.08 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Endeavor Group Holdings, Inc. has a 1 year low of $17.65 and a 1 year high of $28.10. The stock has a fifty day moving average of $27.44 and a two-hundred day moving average of $26.73. The firm has a market capitalization of $19.46 billion, a PE ratio of 51.05 and a beta of 0.77.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. As a group, research analysts expect that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current year.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.06 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.85%. Endeavor Group’s dividend payout ratio (DPR) is 43.64%.

Insider Activity

In other news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the sale, the chief financial officer now owns 130,187 shares in the company, valued at $3,551,501.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 63.90% of the company’s stock.

Endeavor Group Company 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.