Zenyatta Capital Management LP Cuts Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Zenyatta Capital Management LP lowered its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 83.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,000 shares of the company's stock after selling 335,000 shares during the period. Endeavor Group accounts for approximately 0.6% of Zenyatta Capital Management LP's portfolio, making the stock its 24th largest holding. Zenyatta Capital Management LP's holdings in Endeavor Group were worth $1,542,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley raised its position in shares of Endeavor Group by 3.8% in the third quarter. Morgan Stanley now owns 12,278,380 shares of the company's stock worth $244,340,000 after buying an additional 454,790 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Endeavor Group by 2.4% in the third quarter. Clearbridge Investments LLC now owns 4,300,851 shares of the company's stock worth $85,587,000 after buying an additional 100,396 shares in the last quarter. FMR LLC raised its position in shares of Endeavor Group by 3.7% in the third quarter. FMR LLC now owns 5,145,883 shares of the company's stock worth $102,403,000 after buying an additional 184,212 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Endeavor Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company's stock worth $291,559,000 after buying an additional 254,550 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Endeavor Group by 10.3% in the third quarter. Bank of New York Mellon Corp now owns 281,396 shares of the company's stock worth $5,600,000 after buying an additional 26,178 shares in the last quarter. Hedge funds and other institutional investors own 71.37% of the company's stock.

Insider Activity

In related news, CAO William K. Fullerton sold 1,148 shares of the firm's stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $23.22, for a total value of $26,656.56. Following the sale, the chief accounting officer now directly owns 82,394 shares of the company's stock, valued at $1,913,188.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Endeavor Group news, CAO William K. Fullerton sold 1,148 shares of the firm's stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $23.22, for a total value of $26,656.56. Following the completion of the sale, the chief accounting officer now directly owns 82,394 shares in the company, valued at $1,913,188.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Seth D. Krauss sold 17,950 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $432,236.00. Following the completion of the sale, the chief accounting officer now owns 62,055 shares of the company's stock, valued at $1,494,284.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 177,781 shares of company stock valued at $4,322,060. 82.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. TD Cowen increased their price objective on Endeavor Group from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, March 25th. StockNews.com downgraded Endeavor Group from a "hold" rating to a "sell" rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $27.50 target price (down previously from $30.00) on shares of Endeavor Group in a research note on Friday. Jefferies Financial Group reissued a "hold" rating and issued a $27.50 target price (down previously from $29.00) on shares of Endeavor Group in a research note on Thursday. Finally, Guggenheim reissued a "neutral" rating and issued a $27.50 target price (down previously from $36.00) on shares of Endeavor Group in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $29.85.

Endeavor Group Trading Up 0.2 %

Shares of NYSE:EDR traded up $0.04 on Friday, reaching $26.37. 7,346,808 shares of the company traded hands, compared to its average volume of 7,083,413. The business's 50-day simple moving average is $24.78 and its 200 day simple moving average is $23.44. Endeavor Group Holdings, Inc. has a 52 week low of $17.65 and a 52 week high of $26.55. The stock has a market capitalization of $18.26 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Endeavor Group (NYSE:EDR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.07. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. The firm had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.55 billion. As a group, equities analysts anticipate that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. Endeavor Group's dividend payout ratio (DPR) is currently 23.08%.

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.