Endeavor Group Holdings, Inc. (NYSE:EDR) CEO Sells $779,126.16 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CEO Ariel Emanuel sold 27,816 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ariel Emanuel also recently made the following trade(s):

• On Tuesday, September 24th, Ariel Emanuel sold 149,280 shares of Endeavor Group stock. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00.

Endeavor Group Stock Up 1.2 %

Shares of EDR opened at $28.33 on Friday. The firm has a market cap of $19.39 billion, a P/E ratio of 51.51 and a beta of 0.77. Endeavor Group Holdings, Inc. has a 12 month low of $17.65 and a 12 month high of $28.33. The stock’s 50 day moving average is $27.51 and its two-hundred day moving average is $26.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

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

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.85%. Endeavor Group’s dividend payout ratio is currently 43.64%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bardin Hill Management Partners LP raised its holdings in shares of Endeavor Group by 23.1% during the second quarter. Bardin Hill Management Partners LP now owns 673,889 shares of the company’s stock valued at $18,215,000 after acquiring an additional 126,237 shares during the last quarter. Bluefin Capital Management LLC increased its position in shares of Endeavor Group by 138.0% during the second quarter. Bluefin Capital Management LLC now owns 50,000 shares of the company’s stock worth $1,352,000 after purchasing an additional 181,421 shares in the last quarter. Maven Securities LTD acquired a new position in Endeavor Group in the 2nd quarter valued at $2,268,000. Water Island Capital LLC purchased a new position in Endeavor Group in the 2nd quarter valued at $28,497,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in Endeavor Group during the 2nd quarter worth $316,000. 71.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Endeavor Group in a research note on Friday, September 20th. They set a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Endeavor Group presently has a consensus rating of “Hold” and an average target price of $27.86.

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.