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

Endeavor Group Price Performance

EDR stock opened at $31.19 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. Endeavor Group Holdings, Inc. has a one year low of $23.14 and a one year high of $35.99. The stock has a market cap of $21.34 billion, a PE ratio of -15.21 and a beta of 0.74. The firm has a 50 day simple moving average of $31.38 and a two-hundred day simple moving average of $29.73.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 0.77%. Endeavor Group’s dividend payout ratio is presently -11.71%.

Hedge Funds Weigh In On Endeavor Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Palliser Capital UK Ltd boosted its stake in shares of Endeavor Group by 230.0% in the 3rd quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after purchasing an additional 862,380 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Endeavor Group in the 3rd quarter valued at $453,000. GSA Capital Partners LLP purchased a new stake in shares of Endeavor Group in the 3rd quarter valued at $364,000. Quest Partners LLC purchased a new stake in shares of Endeavor Group in the 3rd quarter valued at $2,001,000. Finally, LMR Partners LLP boosted its stake in shares of Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analyst Ratings Changes

EDR has been the topic of a number of analyst reports. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently 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.