Ilmarinen Mutual Pension Insurance Co Purchases 100,000 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Posted by Defense World Staff on Sep 13th, 2023

Ilmarinen Mutual Pension Insurance Co lifted its position in Endeavor Group Holdings, Inc. (NYSE:EDR – Free Report) by 28.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 450,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Ilmarinen Mutual Pension Insurance Co owned about 0.06% of Endeavor Group worth $10,769,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EDR. Quilter Plc purchased a new position in shares of Endeavor Group in the first quarter worth $421,032,000. Citigroup Inc. lifted its stake in Endeavor Group by 14.6% during the 4th quarter. Citigroup Inc. now owns 3,878 shares of the company’s stock valued at $87,000 after acquiring an additional 493 shares during the period. Legal & General Group Plc boosted its holdings in shares of Endeavor Group by 3.8% during the 4th quarter. Legal & General Group Plc now owns 22,649 shares of the company’s stock valued at $511,000 after acquiring an additional 834 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Endeavor Group by 9.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,119 shares of the company’s stock worth $229,000 after acquiring an additional 919 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Endeavor Group by 4.0% during the first quarter. Arizona State Retirement System now owns 25,158 shares of the company’s stock valued at $602,000 after purchasing an additional 961 shares during the last quarter. 43.70% of the stock is currently owned by hedge funds and other institutional investors.

Endeavor Group Trading Up 1.0 %

Shares of EDR opened at $22.15 on Wednesday. Endeavor Group Holdings, Inc. has a fifty-two week low of $18.58 and a fifty-two week high of $26.26. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.37 and a current ratio of 1.37. The company’s fifty day moving average is $23.49 and its 200 day moving average is $23.43. The stock has a market capitalization of $15.61 billion, a PE ratio of 39.77, a P/E/G ratio of 1.42 and a beta of 0.90.

Endeavor Group (NYSE:EDR – Get Free Report) last announced its earnings results on Tuesday, August 8th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.56). The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Endeavor Group had a net margin of 3.54% and a negative return on equity of 1.18%. Sell-side analysts expect that Endeavor Group Holdings, Inc. will post 1.02 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, September 14th. Endeavor Group’s dividend payout ratio is currently 42.86%.

Insider Activity at Endeavor Group

In other Endeavor Group news, insider Mark S. Shapiro sold 229,032 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $24.66, for a total transaction of $5,647,929.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ariel Emanuel sold 150,000 shares of Endeavor Group stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $24.08, for a total transaction of $3,612,000.00. Following the completion of the sale, the chief executive officer now owns 204,450 shares in the company, valued at approximately $4,923,156. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark S. Shapiro sold 229,032 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $24.66, for a total transaction of $5,647,929.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 702,045 shares of company stock worth $17,050,402. Insiders own 82.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Morgan Stanley cut their target price on shares of Endeavor Group from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, July 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on Endeavor Group from $33.00 to $35.00 in a report on Wednesday, August 9th. StockNews.com began coverage on Endeavor Group in a report on Wednesday, August 23rd. They issued a “buy” rating on the stock. Finally, TD Cowen started coverage on Endeavor Group in a research note on Tuesday. They set an “outperform” rating and a $28.00 price target for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Endeavor Group currently has an average rating of “Buy” and a consensus price target of $32.00.

View Our Latest Analysis on Endeavor Group

Endeavor Group Profile

(Free Report)

Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.