Endeavor Group Holdings, Inc. (NYSE:EDR) CFO Jason Lublin Sells 50,000 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CFO Jason Lublin sold 50,000 shares of the company’s 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 transaction, the chief financial officer now owns 219,613 shares in the company, valued at approximately $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 can be accessed through this link.

Endeavor Group Stock Performance

Shares of EDR stock opened at $31.08 on Wednesday. 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 stock has a market cap of $21.26 billion, a PE ratio of -15.16 and a beta of 0.74. The stock has a 50-day moving average of $31.38 and a 200-day moving average of $29.71. Endeavor Group Holdings, Inc. has a one year low of $23.14 and a one year high of $35.99.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Institutional Trading of Endeavor Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC increased its stake in shares of Endeavor Group by 2.0% in the 4th quarter. Guggenheim Capital LLC now owns 15,276 shares of the company’s stock valued at $478,000 after acquiring an additional 304 shares during the last quarter. Fifth Lane Capital LP increased its stake in Endeavor Group by 0.3% during the 4th quarter. Fifth Lane Capital LP now owns 110,364 shares of the company’s stock worth $3,453,000 after purchasing an additional 364 shares in the last quarter. Tidal Investments LLC increased its stake in Endeavor Group by 5.1% during the 4th quarter. Tidal Investments LLC now owns 8,930 shares of the company’s stock worth $279,000 after purchasing an additional 432 shares in the last quarter. CIBC Asset Management Inc increased its stake in Endeavor Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock worth $285,000 after purchasing an additional 447 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Endeavor Group by 5.3% during the 4th quarter. Invesco Ltd. now owns 10,044 shares of the company’s stock worth $314,000 after purchasing an additional 505 shares in the last quarter. 74.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EDR. 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 downgraded shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.