Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) shares traded down 5.7% during mid-day trading on Tuesday . The company traded as low as $34.17 and last traded at $33.16. 29,258 shares were traded during trading, a decline of 99% from the average session volume of 1,985,523 shares. The stock had previously closed at $35.17.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. StockNews.com downgraded Endeavor Group from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Seaport Res Ptn cut Endeavor Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $27.86.
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Endeavor Group Trading Down 0.1 %
The stock has a market capitalization of $21.04 billion, a P/E ratio of -15.00 and a beta of 0.74. 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 stock's fifty day moving average price is $31.40 and its two-hundred day moving average price is $29.64.
Endeavor Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 annualized dividend and a yield of 0.78%. Endeavor Group's payout ratio is -11.71%.
Insider Buying and Selling
In related news, CAO William K. Fullerton sold 6,875 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the transaction, the chief accounting officer now directly owns 53,255 shares in the company, valued at $1,659,958.35. This trade represents a 11.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell acquired 117,769 shares of the stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the completion of the purchase, the insider now owns 2,579,437 shares of the company's stock, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,535,485 shares of company stock worth $239,160,243 in the last ninety days. 63.90% of the stock is owned by insiders.
Hedge Funds Weigh In On Endeavor Group
Hedge funds and other institutional investors have recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new position in shares of Endeavor Group during the fourth quarter valued at about $51,000. Blue Trust Inc. boosted its holdings in Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company's stock valued at $66,000 after acquiring an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Endeavor Group in the fourth quarter valued at $96,000. BNP Paribas Financial Markets bought a new stake in Endeavor Group in the fourth quarter valued at $120,000. Finally, FMR LLC boosted its holdings in Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company's stock valued at $159,000 after acquiring an additional 2,248 shares in the last quarter. 74.99% of the stock is owned by institutional investors.
About Endeavor Group
(
Get Free Report)
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.
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