Polar Asset Management Partners Inc. Buys 150,000 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Polar Asset Management Partners Inc. grew its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,150,000 shares of the company’s stock after buying an additional 150,000 shares during the period. Endeavor Group accounts for approximately 1.0% of Polar Asset Management Partners Inc.’s portfolio, making the stock its 20th largest holding. Polar Asset Management Partners Inc.’s holdings in Endeavor Group were worth $67,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new position in shares of Endeavor Group in the fourth quarter worth approximately $51,000. Blue Trust Inc. grew its stake in Endeavor Group by 176.1% in the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after buying an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Endeavor Group in the 4th quarter worth $96,000. BNP Paribas Financial Markets bought a new position in shares of Endeavor Group in the 4th quarter worth $120,000. Finally, KBC Group NV raised its position in shares of Endeavor Group by 65.3% during the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after buying an additional 2,842 shares in the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Endeavor Group news, insider Mark S. Shapiro sold 74,525 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $30.04, for a total transaction of $2,238,731.00. Following the completion of the sale, the insider now owns 221,777 shares of the company’s stock, valued at $6,662,181.08. This represents a 25.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Seth D. Krauss sold 13,280 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $30.03, for a total transaction of $398,798.40. Following the completion of the transaction, 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. Insiders have sold 21,176,517 shares of company stock valued at $582,701,109 in the last ninety days. Company insiders own 63.90% of the company’s stock.

Endeavor Group Stock Up 4.2%

Shares of NYSE:EDR opened at $30.05 on Thursday. The stock has a market capitalization of $20.62 billion, a P/E ratio of -14.66 and a beta of 0.72. The stock’s 50-day moving average price is $29.81 and its 200-day moving average price is $30.34. 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 Holdings, Inc. has a 12-month low of $26.54 and a 12-month high of $35.99.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.06 dividend. The ex-dividend date of this dividend 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 (DPR) is currently -9.02%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EDR. StockNews.com assumed coverage on Endeavor Group in a research note on Monday. They issued a “sell” rating on the stock. Seaport Res Ptn cut 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.