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 Endeavor Group 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 completion of the sale, the chief financial officer now owns 219,613 shares of the company’s stock, valued at $6,583,997.74. This trade represents a 18.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Endeavor Group Stock Up 0.1 %

Shares of EDR opened at $30.86 on Friday. The firm has a 50 day simple moving average of $31.38 and a two-hundred day simple moving average of $29.73. The company has a market cap of $21.11 billion, a P/E ratio of -15.05 and a beta of 0.74. Endeavor Group Holdings, Inc. has a one year low of $23.20 and a one year high of $35.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, February 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. Endeavor Group’s dividend payout ratio is currently -11.71%.

Wall Street Analysts Forecast Growth

EDR has been the subject of a number of analyst reports. 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 cut Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.86.

Institutional Trading of Endeavor Group

Several large investors have recently bought and sold shares of the business. Polar Asset Management Partners Inc. lifted its holdings in shares of Endeavor Group by 7.5% in the fourth quarter. Polar Asset Management Partners Inc. now owns 2,150,000 shares of the company’s stock worth $67,274,000 after acquiring an additional 150,000 shares during the last quarter. Credit Industriel ET Commercial acquired a new position in Endeavor Group during the 4th quarter worth approximately $8,426,000. Ascent Group LLC lifted its stake in Endeavor Group by 21.8% in the 4th quarter. Ascent Group LLC now owns 89,711 shares of the company’s stock valued at $2,807,000 after purchasing an additional 16,080 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Endeavor Group in the fourth quarter valued at approximately $810,000. Finally, Vise Technologies Inc. bought a new stake in shares of Endeavor Group during the fourth quarter worth $238,000. 74.99% of the stock is owned by institutional investors and hedge funds.

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.