Lighthouse Investment Partners LLC Makes New $316,000 Investment in Endeavor Group Holdings, Inc. (NYSE:EDR)

Lighthouse Investment Partners LLC acquired a new stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,678 shares of the company’s stock, valued at approximately $316,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in shares of Endeavor Group by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after buying an additional 1,346 shares during the last quarter. Davide Leone & Partners Investment Co Ltd. boosted its holdings in Endeavor Group by 81.0% during the 2nd quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock worth $22,947,000 after acquiring an additional 380,000 shares during the last quarter. Empyrean Capital Partners LP purchased a new position in Endeavor Group during the 2nd quarter worth $18,094,000. Squarepoint Ops LLC bought a new stake in shares of Endeavor Group in the 2nd quarter worth $11,233,000. Finally, Glazer Capital LLC purchased a new stake in shares of Endeavor Group in the second quarter valued at about $49,017,000. 71.37% of the stock is owned by institutional investors.

Endeavor Group Trading Up 0.8 %

NYSE EDR opened at $28.55 on Monday. The business’s fifty day moving average is $27.54 and its 200-day moving average is $26.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $19.78 billion, a price-to-earnings ratio of 51.91 and a beta of 0.77. Endeavor Group Holdings, Inc. has a one year low of $17.65 and a one year high of $28.62.

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

Endeavor Group Dividend Announcement

The company also recently disclosed 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 0.84%. The ex-dividend date of this dividend is Monday, September 16th. Endeavor Group’s dividend payout ratio (DPR) is 43.64%.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $51,458,040.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jason Lublin sold 20,832 shares of the 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 transaction, 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 over the last ninety days. 63.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Endeavor Group in a report on Saturday. 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. According to MarketBeat, the stock presently 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.