KBC Group NV Acquires 2,842 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

KBC Group NV boosted its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 65.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,191 shares of the company’s stock after purchasing an additional 2,842 shares during the period. KBC Group NV’s holdings in Endeavor Group were worth $225,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Athos Capital Ltd increased its holdings in shares of Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after buying an additional 4,447,000 shares in the last quarter. Polar Asset Management Partners Inc. raised its position in Endeavor Group by 300.0% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after purchasing an additional 1,500,000 shares during the last quarter. LMR Partners LLP boosted 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 in the last quarter. Whitefort Capital Management LP bought a new stake in shares of Endeavor Group during the third quarter worth $28,560,000. Finally, Palliser Capital UK Ltd increased its stake in shares of Endeavor Group by 230.0% in the third quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after buying an additional 862,380 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Endeavor Group from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.86.

Insider Activity at Endeavor Group

In other news, CAO William K. Fullerton sold 6,875 shares of Endeavor Group stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the transaction, the chief accounting officer now owns 53,255 shares in the company, valued at $1,659,958.35. The trade was a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell bought 263,200 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the purchase, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. This represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 961,822 shares of company stock worth $143,378,491. 63.90% of the stock is owned by insiders.

Endeavor Group Trading Up 1.6 %

Shares of NYSE EDR opened at $30.92 on Wednesday. The company’s 50 day simple moving average is $30.79 and its 200 day simple moving average is $29.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. Endeavor Group Holdings, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $32.67. The firm has a market capitalization of $21.15 billion, a P/E ratio of -15.08 and a beta of 0.74.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

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.