Levin Capital Strategies L.P. Invests $475,000 in Endeavor Group Holdings, Inc. (NYSE:EDR)

Levin Capital Strategies L.P. bought a new stake in Endeavor Group Holdings, Inc. (NYSE:EDR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors L.P. increased its holdings in shares of Endeavor Group by 16.8% in the fourth quarter. Natixis Advisors L.P. now owns 837,210 shares of the company’s stock valued at $19,866,000 after purchasing an additional 120,258 shares during the period. Lindbrook Capital LLC lifted its stake in Endeavor Group by 200.2% during the 4th quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after acquiring an additional 1,027 shares during the period. NewEdge Wealth LLC boosted its holdings in shares of Endeavor Group by 7.9% in the 4th quarter. NewEdge Wealth LLC now owns 752,508 shares of the company’s stock valued at $17,857,000 after acquiring an additional 54,780 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Endeavor Group by 5.2% in the fourth quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock worth $281,000 after acquiring an additional 590 shares during the period. Finally, Mirador Capital Partners LP raised its holdings in shares of Endeavor Group by 3.8% during the fourth quarter. Mirador Capital Partners LP now owns 20,184 shares of the company’s stock worth $479,000 after purchasing an additional 732 shares during the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Guggenheim reaffirmed a “neutral” rating and set a $27.50 price target (down from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Seaport Res Ptn cut Endeavor Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. Evercore ISI restated an “in-line” rating and issued a $27.50 price objective (down previously from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Citigroup downgraded shares of Endeavor Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $29.00 to $27.50 in a report on Monday, April 15th. Finally, TD Cowen lifted their price objective on shares of Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $29.30.

Endeavor Group Price Performance

EDR stock traded up $0.07 during mid-day trading on Thursday, reaching $26.48. The company’s stock had a trading volume of 1,391,758 shares, compared to its average volume of 4,233,400. The stock has a market cap of $18.34 billion, a PE ratio of 25.52, a P/E/G ratio of 1.92 and a beta of 0.79. The company’s 50 day moving average is $25.50 and its two-hundred day moving average is $24.23. Endeavor Group Holdings, Inc. has a fifty-two week low of $17.65 and a fifty-two week high of $26.63. 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) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.55 billion. Equities research analysts expect that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current year.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 annualized dividend and a yield of 0.91%. Endeavor Group’s payout ratio is 23.08%.

Insider Activity

In other Endeavor Group news, CAO Seth D. Krauss sold 17,950 shares of Endeavor Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $432,236.00. Following the sale, the chief accounting officer now owns 62,055 shares in the company, valued at $1,494,284.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $24.71, for a total value of $514,758.72. Following the transaction, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,216,920.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Seth D. Krauss sold 17,950 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $432,236.00. Following the sale, the chief accounting officer now owns 62,055 shares of the company’s stock, valued at approximately $1,494,284.40. The disclosure for this sale can be found here. Insiders sold a total of 176,633 shares of company stock valued at $4,317,277 in the last 90 days. Company insiders own 82.08% of the company’s stock.

Endeavor Group 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.