Bank of Nova Scotia Lowers Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Bank of Nova Scotia cut its stake in Endeavor Group Holdings, Inc. (NYSE:EDR) by 11.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,266 shares of the company’s stock after selling 1,657 shares during the quarter. Bank of Nova Scotia’s holdings in Endeavor Group were worth $384,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Endeavor Group by 8.3% in the fourth quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock valued at $475,166,000 after purchasing an additional 1,167,887 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Endeavor Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,088,210 shares of the company’s stock worth $65,370,000 after buying an additional 10,323 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Endeavor Group by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,836,023 shares of the company’s stock worth $57,449,000 after acquiring an additional 57,154 shares in the last quarter. Swiss National Bank lifted its position in Endeavor Group by 11.1% during the fourth quarter. Swiss National Bank now owns 393,600 shares of the company’s stock valued at $12,316,000 after acquiring an additional 39,200 shares during the last quarter. Finally, Barclays PLC grew its holdings in Endeavor Group by 5,247.7% in the third quarter. Barclays PLC now owns 318,188 shares of the company’s stock worth $9,087,000 after purchasing an additional 312,238 shares during the last quarter. 74.99% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Canada Pension Plan Investment sold 21,038,712 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $27.50, for a total value of $578,564,580.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Seth D. Krauss sold 13,280 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $30.03, for a total transaction of $398,798.40. Following the completion of the sale, the chief accounting officer now owns 101,116 shares in the company, valued at $3,036,513.48. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 1,212,077 shares of company stock valued at $191,824,043 and have sold 21,176,517 shares valued at $582,701,109. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Trading Up 4.2 %

NYSE EDR opened at $30.05 on Tuesday. Endeavor Group Holdings, Inc. has a 12-month low of $26.29 and a 12-month high of $35.99. The company has a fifty day simple moving average of $30.50 and a two-hundred day simple moving average of $30.21. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $20.62 billion, a P/E ratio of -14.66 and a beta of 0.72.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.06 per share. The ex-dividend date was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. Endeavor Group’s dividend payout ratio is currently -9.02%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. StockNews.com started coverage on Endeavor Group in a research report on Thursday, April 10th. They issued a “sell” rating for the company. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th.

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.