Insider Selling: Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Sells $68,040.50 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO William K. Fullerton sold 2,225 shares of Endeavor Group stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the sale, the chief accounting officer now owns 53,124 shares in the company, valued at $1,624,531.92. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Endeavor Group Stock Up 0.5 %

EDR stock opened at $30.46 on Friday. Endeavor Group Holdings, Inc. has a 52 week low of $22.77 and a 52 week high of $31.49. 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 firm’s 50-day moving average is $30.36 and its two-hundred day moving average is $28.81. The company has a market capitalization of $20.84 billion, a price-to-earnings ratio of -14.86 and a beta of 0.74.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. Endeavor Group’s dividend payout ratio (DPR) is -11.71%.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently modified their holdings of EDR. Mirador Capital Partners LP grew its holdings in shares of Endeavor Group by 3.0% during the fourth quarter. Mirador Capital Partners LP now owns 27,057 shares of the company’s stock valued at $847,000 after buying an additional 792 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Endeavor Group in the 4th quarter valued at approximately $96,000. Everence Capital Management Inc. bought a new position in shares of Endeavor Group during the 4th quarter worth about $233,000. Tidal Investments LLC raised its stake in shares of Endeavor Group by 7.9% in the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after purchasing an additional 620 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Endeavor Group in the 3rd quarter valued at approximately $602,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Endeavor Group from a “sell” rating to a “hold” rating in a research report on Monday. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.