Wolverine Asset Management LLC Acquires New Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Wolverine Asset Management LLC bought a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 103,425 shares of the company's stock, valued at approximately $2,796,000.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company's stock worth $76,000 after purchasing an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Endeavor Group during the 1st quarter worth $102,000. SG Americas Securities LLC purchased a new stake in Endeavor Group in the second quarter valued at $130,000. Quest Partners LLC acquired a new position in Endeavor Group in the fourth quarter valued at $177,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Endeavor Group during the second quarter worth about $226,000. Hedge funds and other institutional investors own 71.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EDR shares. Piper Sandler downgraded Endeavor Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 13th. StockNews.com assumed coverage on Endeavor Group in a report on Wednesday. They issued a "hold" rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Endeavor Group currently has an average rating of "Hold" and an average target price of $27.86.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the business's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $27.28, for a total transaction of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares of the company's stock, valued at $3,551,501.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 63.90% of the company's stock.

Endeavor Group Price Performance

Shares of NYSE:EDR remained flat at $27.48 during trading on Wednesday. The stock had a trading volume of 3,720,487 shares, compared to its average volume of 3,687,590. Endeavor Group Holdings, Inc. has a 1-year low of $17.65 and a 1-year high of $27.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The firm's fifty day moving average price is $27.35 and its two-hundred day moving average price is $26.46. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 49.95 and a beta of 0.78.

Endeavor Group (NYSE:EDR - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.06). The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. On average, equities analysts anticipate that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.87%. The ex-dividend date is Monday, September 16th. Endeavor Group's payout ratio is 43.64%.

Endeavor Group 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.