Insider Selling: Endeavor Group Holdings, Inc. (NYSE:EDR) CEO Sells 48,176 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, September 24th, Ariel Emanuel sold 149,280 shares of Endeavor Group stock. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00.
• On Friday, September 20th, Ariel Emanuel sold 27,816 shares of Endeavor Group stock. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16.

Endeavor Group Trading Up 0.4 %

Shares of EDR stock traded up $0.12 during trading hours on Wednesday, hitting $29.23. 3,325,733 shares of the company were exchanged, compared to its average volume of 3,700,207. The firm has a market cap of $20.25 billion, a PE ratio of 53.15 and a beta of 0.78. Endeavor Group Holdings, Inc. has a 1 year low of $17.65 and a 1 year high of $29.25. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $27.75 and a 200 day moving average of $27.08.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings data 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 negative net margin of 6.23% and a positive return on equity of 4.45%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. Analysts expect that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Monday, September 16th. Endeavor Group’s payout ratio is 43.64%.

Institutional Investors Weigh In On Endeavor Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mirador Capital Partners LP grew its holdings in Endeavor Group by 6.7% during the third quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock worth $750,000 after acquiring an additional 1,655 shares during the period. Bardin Hill Management Partners LP lifted its holdings in shares of Endeavor Group by 23.1% during the 2nd quarter. Bardin Hill Management Partners LP now owns 673,889 shares of the company’s stock valued at $18,215,000 after buying an additional 126,237 shares during the last quarter. Bluefin Capital Management LLC lifted its holdings in shares of Endeavor Group by 138.0% during the 2nd quarter. Bluefin Capital Management LLC now owns 50,000 shares of the company’s stock valued at $1,352,000 after buying an additional 181,421 shares during the last quarter. Maven Securities LTD acquired a new stake in shares of Endeavor Group during the 2nd quarter valued at about $2,268,000. Finally, Water Island Capital LLC acquired a new stake in shares of Endeavor Group during the 2nd quarter valued at about $28,497,000. 71.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Endeavor Group in a report on Sunday. They set a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Endeavor Group presently has an average rating of “Hold” and an average target price of $27.86.

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.