Endeavor Group Holdings, Inc. (NYSE:EDR) CFO Jason Lublin Sells 50,000 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) CFO Jason Lublin sold 50,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $29.98, for a total transaction of $1,499,000.00. Following the sale, the chief financial officer now owns 219,613 shares in the company, valued at $6,583,997.74. This trade represents a 18.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Endeavor Group Stock Up 3.5 %

Endeavor Group stock traded up $1.04 during mid-day trading on Tuesday, hitting $31.08. The company had a trading volume of 541,804 shares, compared to its average volume of 1,788,864. The stock has a market cap of $21.26 billion, a price-to-earnings ratio of -15.16 and a beta of 0.74. Endeavor Group Holdings, Inc. has a 1 year low of $23.14 and a 1 year 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. The business has a fifty day moving average of $31.38 and a 200 day moving average of $29.71.

Endeavor Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.86.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds have recently added to or reduced their stakes in EDR. Palliser Capital UK Ltd increased its stake in Endeavor Group by 230.0% in the third quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after purchasing an additional 862,380 shares during the last quarter. Entropy Technologies LP purchased a new position in Endeavor Group in the third quarter valued at approximately $453,000. GSA Capital Partners LLP purchased a new position in Endeavor Group in the third quarter valued at approximately $364,000. Quest Partners LLC acquired a new stake in shares of Endeavor Group in the third quarter valued at approximately $2,001,000. Finally, LMR Partners LLP boosted its holdings in shares of Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after acquiring an additional 1,290,867 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

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.