Headlands Technologies LLC Makes New $1.67 Million Investment in Endeavor Group Holdings, Inc. (NYSE:EDR)

Headlands Technologies LLC purchased a new position in Endeavor Group Holdings, Inc. (NYSE:EDR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,776 shares of the company’s stock, valued at approximately $1,670,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EDR. Longfellow Investment Management Co. LLC purchased a new stake in Endeavor Group in the second quarter worth about $75,000. PNC Financial Services Group Inc. boosted its stake in shares of Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Endeavor Group in the first quarter worth about $102,000. SG Americas Securities LLC bought a new position in shares of Endeavor Group in the second quarter worth about $130,000. Finally, Quest Partners LLC bought a new position in shares of Endeavor Group in the fourth quarter worth about $177,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Endeavor Group in a research note on Wednesday, September 4th. They issued a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Endeavor Group presently has a consensus rating of “Hold” and an average target price of $27.86.

Endeavor Group Stock Performance

NYSE EDR opened at $27.57 on Wednesday. The stock has a market capitalization of $19.10 billion, a PE ratio of 50.13 and a beta of 0.78. The business has a 50 day simple moving average of $27.39 and a two-hundred day simple moving average of $26.57. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Endeavor Group Holdings, Inc. has a 1-year low of $17.65 and a 1-year high of $27.64.

Endeavor Group (NYSE:EDR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. On average, research analysts predict that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, September 16th. Endeavor Group’s dividend payout ratio is presently 43.64%.

Insider Buying and Selling at Endeavor Group

In other news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the transaction, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 63.90% of the stock is currently owned by company insiders.

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.