Monimus Capital Management LP Invests $5.18 Million in Endeavor Group Holdings, Inc. (NYSE:EDR)

Monimus Capital Management LP acquired a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 165,405 shares of the company’s stock, valued at approximately $5,176,000. Endeavor Group accounts for about 4.9% of Monimus Capital Management LP’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Athos Capital Ltd increased its stake in Endeavor Group by 135.9% in the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after acquiring an additional 4,447,000 shares during the period. LMR Partners LLP increased 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 valued at $125,486,000 after acquiring an additional 1,290,867 shares during the period. Geode Capital Management LLC increased its stake in Endeavor Group by 4.0% in the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after acquiring an additional 79,212 shares during the period. Polar Asset Management Partners Inc. increased its stake in Endeavor Group by 300.0% in the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after acquiring an additional 1,500,000 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Endeavor Group by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,836,023 shares of the company’s stock valued at $57,449,000 after acquiring an additional 57,154 shares during the period. Institutional investors own 74.99% of the company’s stock.

Insider Transactions at Endeavor Group

In related news, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the transaction, the chief accounting officer now directly owns 53,255 shares in the company, valued at $1,659,958.35. This represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason Lublin sold 50,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $29.98, for a total transaction of $1,499,000.00. Following the completion of the transaction, the chief financial officer now owns 219,613 shares in the company, valued at $6,583,997.74. This represents a 18.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 1,475,277 shares of company stock worth $230,506,547 and have sold 146,905 shares worth $4,418,864. 63.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EDR. Seaport Res Ptn cut shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.86.

Endeavor Group Price Performance

Shares of EDR stock opened at $28.86 on Friday. Endeavor Group Holdings, Inc. has a 1 year low of $24.41 and a 1 year high of $35.99. The firm’s 50 day moving average is $30.90 and its 200-day moving average is $29.86. The firm has a market capitalization of $19.80 billion, a price-to-earnings ratio of -14.08 and a beta of 0.72. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. Endeavor Group’s payout ratio is -9.02%.

About Endeavor Group

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.