Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) insider Canada Pension Plan Investment sold 21,038,712 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $27.50, for a total value of $578,564,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Endeavor Group Trading Up 4.2 %
Shares of EDR stock opened at $30.05 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The business has a 50-day moving average of $30.72 and a 200 day moving average of $29.98. The stock has a market capitalization of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. Endeavor Group Holdings, Inc. has a 1-year low of $25.07 and a 1-year high of $35.99.
Endeavor Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, February 28th. Endeavor Group's dividend payout ratio is -9.02%.
Institutional Investors Weigh In On Endeavor Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EDR. Kapitalo Investimentos Ltda bought a new stake in Endeavor Group in the 4th quarter worth $51,000. Blue Trust Inc. boosted its holdings in shares of Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company's stock worth $66,000 after purchasing an additional 1,469 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Endeavor Group in the fourth quarter worth about $96,000. BNP Paribas Financial Markets purchased a new position in Endeavor Group during the 4th quarter valued at about $120,000. Finally, FMR LLC raised its position in Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company's stock valued at $159,000 after purchasing an additional 2,248 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on EDR shares. StockNews.com cut Endeavor Group from a "hold" rating to a "sell" rating in a report on Monday, February 10th. Seaport Res Ptn cut shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $27.50.
View Our Latest Stock Report on Endeavor Group
About Endeavor Group
(
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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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