Insider Selling: Endeavor Group Holdings, Inc. (NYSE:EDR) Insider Sells $578,564,580.00 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) insider Canada Pension Plan Investment sold 21,038,712 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $27.50, for a total transaction of $578,564,580.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Endeavor Group Stock Up 4.2 %

Endeavor Group stock opened at $30.05 on Friday. Endeavor Group Holdings, Inc. has a 1-year low of $25.07 and a 1-year high of $35.99. The firm has a 50 day simple moving average of $30.69 and a 200 day simple moving average of $30.00. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of -14.66 and a beta of 0.72.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. Endeavor Group’s dividend payout ratio (DPR) is presently -9.02%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EDR shares. Seaport Res Ptn lowered Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EDR. Charles Schwab Investment Management Inc. increased its holdings in shares of Endeavor Group by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock worth $50,804,000 after buying an additional 76,618 shares during the period. Quantbot Technologies LP purchased a new stake in Endeavor Group in the third quarter worth $1,591,000. FMR LLC boosted its stake in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Endeavor Group by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after acquiring an additional 1,066 shares during the period. Finally, Walleye Capital LLC raised its holdings in Endeavor Group by 24.0% in the third quarter. Walleye Capital LLC now owns 80,578 shares of the company’s stock worth $2,301,000 after purchasing an additional 15,578 shares in the last quarter. 74.99% of the stock is currently owned by hedge funds and other 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.