Ariel Emanuel Sells 149,280 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CEO Ariel Emanuel sold 149,280 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, September 20th, Ariel Emanuel sold 27,816 shares of Endeavor Group stock. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16.

Endeavor Group Stock Down 0.9 %

NYSE:EDR opened at $28.00 on Thursday. Endeavor Group Holdings, Inc. has a 12-month low of $17.65 and a 12-month high of $28.28. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $19.16 billion, a P/E ratio of 50.91 and a beta of 0.77. The stock’s fifty day simple moving average is $27.48 and its 200-day simple moving average is $26.83.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings results 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). Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. Equities research analysts expect that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current year.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.86%. Endeavor Group’s dividend payout ratio is presently 43.64%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Endeavor Group in a report on Friday, September 20th. They set a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Endeavor Group currently has an average rating of “Hold” and an average price target of $27.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC bought a new position in Endeavor Group during the second quarter worth about $75,000. PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Endeavor Group during the first quarter worth about $102,000. SG Americas Securities LLC bought a new position in Endeavor Group during the second quarter worth about $130,000. Finally, Quest Partners LLC bought a new stake in shares of Endeavor Group in the fourth quarter valued at about $177,000. 71.37% of the stock is currently owned by institutional investors.

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.