Seth D. Krauss Sells 13,280 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Seth D. Krauss sold 13,280 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $30.03, for a total value of $398,798.40. Following the sale, the chief accounting officer now owns 101,116 shares of the company’s stock, valued at $3,036,513.48. This represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Endeavor Group Stock Up 1.0 %

NYSE EDR opened at $31.19 on Thursday. The stock has a market cap of $21.34 billion, a PE ratio of -15.21 and a beta of 0.74. The business has a 50 day moving average price of $31.38 and a two-hundred day moving average price of $29.73. Endeavor Group Holdings, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $35.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, February 28th. Endeavor Group’s payout ratio is -11.71%.

Institutional Investors Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC grew its stake in shares of Endeavor Group by 2.0% during the fourth quarter. Guggenheim Capital LLC now owns 15,276 shares of the company’s stock valued at $478,000 after acquiring an additional 304 shares in the last quarter. Fifth Lane Capital LP boosted its holdings in Endeavor Group by 0.3% in the fourth quarter. Fifth Lane Capital LP now owns 110,364 shares of the company’s stock valued at $3,453,000 after purchasing an additional 364 shares during the last quarter. Tidal Investments LLC grew its stake in Endeavor Group by 5.1% during the 4th quarter. Tidal Investments LLC now owns 8,930 shares of the company’s stock valued at $279,000 after purchasing an additional 432 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Endeavor Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock worth $285,000 after purchasing an additional 447 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Endeavor Group by 5.3% in the 4th quarter. Invesco Ltd. now owns 10,044 shares of the company’s stock valued at $314,000 after purchasing an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EDR shares. StockNews.com downgraded shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Endeavor Group currently has an average rating of “Hold” and a consensus 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.