Mark S. Shapiro Sells 74,525 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) insider Mark S. Shapiro sold 74,525 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $30.04, for a total transaction of $2,238,731.00. Following the sale, the insider now directly owns 221,777 shares of the company’s stock, valued at $6,662,181.08. The trade was a 25.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Endeavor Group Stock Up 1.0 %

Shares of NYSE EDR opened at $31.19 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a 12 month low of $23.14 and a 12 month high of $35.99. The firm has a market capitalization of $21.34 billion, a PE ratio of -15.21 and a beta of 0.74. The firm has a fifty day simple moving average of $31.38 and a two-hundred day simple moving average of $29.73.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued 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 (DPR) is presently -11.71%.

Analyst Ratings Changes

EDR has been the subject of several analyst reports. StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a research 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 research 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. According to data from MarketBeat.com, Endeavor Group has a consensus rating of “Hold” and a consensus price target of $27.86.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Endeavor Group by 8.3% in the 4th quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock worth $475,166,000 after purchasing an additional 1,167,887 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of Endeavor Group in the 4th quarter worth about $289,205,000. Athos Capital Ltd increased its stake in shares of Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after acquiring an additional 4,447,000 shares in the last quarter. LMR Partners LLP increased its stake in shares of Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after acquiring an additional 1,290,867 shares in the last quarter. Finally, Steadfast Capital Management LP increased its stake in shares of Endeavor Group by 207.9% in the 4th quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company’s stock worth $113,948,000 after acquiring an additional 2,458,800 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.

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.