Endeavor Group Holdings, Inc. (NYSE:EDR) CEO Ariel Emanuel Sells 27,816 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) CEO Ariel Emanuel sold 27,816 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,293,228.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ariel Emanuel also recently made the following trade(s):

• On Tuesday, September 24th, Ariel Emanuel sold 149,280 shares of Endeavor Group stock. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00.

Endeavor Group Stock Performance

Shares of Endeavor Group stock opened at $28.33 on Friday. The firm has a market cap of $19.39 billion, a PE ratio of 51.51 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Endeavor Group Holdings, Inc. has a 52 week low of $17.65 and a 52 week high of $28.33. The business’s fifty day simple moving average is $27.51 and its 200-day simple moving average is $26.84.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.06). The company had revenue of $1.75 billion during 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%. Equities analysts forecast that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Monday, September 16th. Endeavor Group’s dividend payout ratio (DPR) is 43.64%.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors have recently modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new position in Endeavor Group during the 2nd quarter worth about $75,000. PNC Financial Services Group Inc. increased its stake in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after purchasing an additional 399 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Endeavor Group during the first quarter worth about $102,000. SG Americas Securities LLC purchased a new position in shares of Endeavor Group in the second quarter valued at approximately $130,000. Finally, Quest Partners LLC purchased a new position in shares of Endeavor Group in the fourth quarter valued at approximately $177,000. 71.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Endeavor Group in a 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 given a buy rating to the company’s stock. According to data from MarketBeat, Endeavor Group has a consensus rating of “Hold” and an average target price of $27.86.

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.