Davidson Kempner Capital Management LP Invests $205.04 Million in Endeavor Group Holdings, Inc. (NYSE:EDR)

Davidson Kempner Capital Management LP purchased a new position in Endeavor Group Holdings, Inc. (NYSE:EDR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,585,563 shares of the company’s stock, valued at approximately $205,038,000. Endeavor Group comprises approximately 4.2% of Davidson Kempner Capital Management LP’s holdings, making the stock its 2nd largest position. Davidson Kempner Capital Management LP owned 1.09% of Endeavor Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EDR. Vanguard Group Inc. increased its holdings in shares of Endeavor Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 13,683,577 shares of the company’s stock worth $352,078,000 after buying an additional 219,384 shares during the last quarter. Pentwater Capital Management LP raised its holdings in shares of Endeavor Group by 457.0% in the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after purchasing an additional 10,830,000 shares during the period. Steadfast Capital Management LP raised its holdings in shares of Endeavor Group by 17.9% in the 1st quarter. Steadfast Capital Management LP now owns 2,523,860 shares of the company’s stock worth $64,939,000 after purchasing an additional 384,000 shares during the period. Mubadala Investment Co PJSC purchased a new stake in shares of Endeavor Group during the 4th quarter worth about $52,983,000. Finally, Kodai Capital Management LP increased its position in shares of Endeavor Group by 11.1% in the first quarter. Kodai Capital Management LP now owns 1,125,264 shares of the company’s stock worth $28,953,000 after acquiring an additional 112,338 shares in the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.86.

Endeavor Group Trading Up 1.3 %

NYSE EDR opened at $28.08 on Monday. The stock has a market cap of $19.46 billion, a P/E ratio of 51.05 and a beta of 0.77. The company’s fifty day simple moving average is $27.44 and its 200-day simple moving average is $26.77. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. Endeavor Group Holdings, Inc. has a 52 week low of $17.65 and a 52 week high of $28.10.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The firm had revenue of $1.75 billion during 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%. Equities research analysts predict that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the completion of the transaction, the chief financial officer now directly owns 130,187 shares in the company, valued at approximately $3,551,501.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 63.90% of the stock is owned by company insiders.

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.