Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) CEO Ariel Emanuel sold 27,816 shares of the company's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,293,228.47. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Ariel Emanuel also recently made the following trade(s):
- On Tuesday, September 24th, Ariel Emanuel sold 149,280 shares of Endeavor Group stock. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00.
Endeavor Group Trading Up 1.2 %
Shares of EDR stock opened at $28.25 on Wednesday. The stock has a market capitalization of $19.57 billion, a PE ratio of 51.36 and a beta of 0.78. Endeavor Group Holdings, Inc. has a 1-year low of $17.65 and a 1-year high of $28.28. The business has a 50-day moving average of $27.47 and a 200 day moving average of $26.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62.
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Endeavor Group (NYSE:EDR - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. As a group, sell-side analysts anticipate that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current year.
Endeavor Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 0.85%. The ex-dividend date of this dividend is Monday, September 16th. Endeavor Group's dividend payout ratio is presently 43.64%.
Institutional Investors Weigh In On Endeavor Group
Several institutional investors and hedge funds have recently bought and sold shares of EDR. Pentwater Capital Management LP lifted its holdings in Endeavor Group by 457.0% in the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company's stock worth $356,796,000 after buying an additional 10,830,000 shares during the period. Davidson Kempner Capital Management LP purchased a new stake in Endeavor Group in the 2nd quarter worth approximately $205,038,000. Mubadala Investment Co PJSC purchased a new stake in Endeavor Group in the 4th quarter worth approximately $52,983,000. Glazer Capital LLC purchased a new stake in Endeavor Group in the 2nd quarter worth approximately $49,017,000. Finally, Water Island Capital LLC purchased a new stake in Endeavor Group in the 2nd quarter worth approximately $28,497,000. Hedge funds and other institutional investors own 71.37% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Endeavor Group in a research report on Friday, September 20th. They set a "hold" rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Endeavor Group presently has an average rating of "Hold" and an average price target of $27.86.
View Our Latest Stock Report on Endeavor Group
Endeavor Group Company Profile
(
Get Free Report)
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.
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