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 business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $30.04, for a total value of $2,238,731.00. Following the completion of the transaction, the insider now directly owns 221,777 shares in the company, valued at approximately $6,662,181.08. This represents a 25.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Endeavor Group Stock Performance

Shares of NYSE:EDR traded up $1.04 during midday trading on Tuesday, reaching $31.08. 541,804 shares of the company traded hands, compared to its average volume of 1,788,864. The company has a quick ratio of 0.63, a current 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 $21.26 billion, a price-to-earnings ratio of -15.16 and a beta of 0.74. The firm’s fifty day moving average price is $31.38 and its two-hundred day moving average price is $29.71.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.06 per share. 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 payout ratio is -11.71%.

Analyst Ratings Changes

EDR has been the topic of several research analyst reports. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.86.

Institutional Trading of Endeavor Group

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