Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Sells $178,942.50 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO William K. Fullerton sold 6,750 shares of Endeavor Group stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $26.51, for a total value of $178,942.50. Following the completion of the transaction, the chief accounting officer now owns 46,600 shares in the company, valued at $1,235,366. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Endeavor Group Trading Up 0.0 %

EDR stock opened at $26.47 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $18.33 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.93 and a beta of 0.79. The business has a fifty day moving average price of $25.75 and a 200 day moving average price of $24.51. Endeavor Group Holdings, Inc. has a fifty-two week low of $17.65 and a fifty-two week high of $26.63.

Endeavor Group (NYSE:EDR) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Analysts expect that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s dividend payout ratio is currently 23.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Guggenheim restated a “neutral” rating and issued a $27.50 price objective (down previously from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. UBS Group restated a “neutral” rating and set a $27.50 price objective (down previously from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Citigroup cut shares of Endeavor Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $29.00 to $27.50 in a research note on Monday, April 15th. Evercore ISI restated an “in-line” rating and set a $27.50 price target (down from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Finally, Seaport Res Ptn lowered Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $29.30.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in shares of Endeavor Group by 2.3% in the 1st quarter. Russell Investments Group Ltd. now owns 264,532 shares of the company’s stock valued at $6,806,000 after buying an additional 5,933 shares during the period. Sei Investments Co. bought a new position in Endeavor Group in the first quarter valued at about $644,000. Swiss National Bank increased its position in Endeavor Group by 8.1% in the first quarter. Swiss National Bank now owns 356,000 shares of the company’s stock worth $9,160,000 after purchasing an additional 26,800 shares during the period. Vest Financial LLC bought a new stake in Endeavor Group during the 1st quarter worth about $852,000. Finally, Mirador Capital Partners LP lifted its position in Endeavor Group by 9.6% during the 1st quarter. Mirador Capital Partners LP now owns 22,125 shares of the company’s stock valued at $569,000 after purchasing an additional 1,941 shares during the period. Institutional investors and hedge funds own 71.37% of the company’s stock.

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.