Endeavor Group Holdings, Inc. (NYSE:EDR) Stock Holdings Raised by Bardin Hill Management Partners LP

Bardin Hill Management Partners LP boosted its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR) by 23.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 673,889 shares of the company’s stock after buying an additional 126,237 shares during the period. Endeavor Group makes up 7.4% of Bardin Hill Management Partners LP’s investment portfolio, making the stock its 2nd largest position. Bardin Hill Management Partners LP’s holdings in Endeavor Group were worth $18,215,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC bought a new position in Endeavor Group during the second quarter valued at approximately $75,000. PNC Financial Services Group Inc. boosted its stake in shares of Endeavor Group by 14.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after buying an additional 399 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group during the first quarter valued at $102,000. SG Americas Securities LLC bought a new position in Endeavor Group in the second quarter valued at about $130,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Endeavor Group during the 2nd quarter valued at about $226,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a report on Saturday. They set a “hold” rating for the company. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.86.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 27,816 shares of Endeavor Group stock in a transaction that occurred on 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 transaction, 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 document filed with the SEC, which is available through the SEC website. In other news, CEO Ariel Emanuel sold 27,816 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $28.01, for a total value of $779,126.16. Following the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,293,228.47. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the completion of the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The disclosure for this sale can be found here. Insiders sold 197,928 shares of company stock valued at $5,542,191 in the last three months. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Trading Down 0.5 %

EDR stock opened at $28.41 on Wednesday. The company has a market capitalization of $19.68 billion, a price-to-earnings ratio of 51.65 and a beta of 0.77. 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 $28.64. The business has a 50 day simple moving average of $27.58 and a two-hundred day simple moving average of $26.94.

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

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Monday, September 16th. Endeavor Group’s payout ratio is 43.64%.

Endeavor Group Company 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.