Headlands Technologies LLC Acquires Shares of 61,776 Endeavor Group Holdings, Inc. (NYSE:EDR)

Headlands Technologies LLC bought a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 61,776 shares of the company's stock, valued at approximately $1,670,000.

A number of other hedge funds have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC purchased a new stake in shares of Endeavor Group during the 2nd quarter valued at $75,000. PNC Financial Services Group Inc. grew its holdings in shares of Endeavor Group by 14.2% during the 4th 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 during the period. DekaBank Deutsche Girozentrale acquired a new stake in Endeavor Group during the 1st quarter worth approximately $102,000. SG Americas Securities LLC purchased a new position in Endeavor Group in the second quarter valued at approximately $130,000. Finally, Quest Partners LLC acquired a new position in Endeavor Group during the fourth quarter valued at approximately $177,000. Institutional investors and hedge funds own 71.37% of the company's stock.

Insider Buying and Selling at Endeavor Group

In other news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,551,501.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 63.90% of the company's stock.

Endeavor Group Stock Up 0.1 %

Shares of EDR traded up $0.02 during trading hours on Wednesday, reaching $27.59. The company's stock had a trading volume of 1,510,490 shares, compared to its average volume of 3,697,403. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 50.15 and a beta of 0.78. The company has a 50 day moving average of $27.40 and a two-hundred day moving average of $26.58. Endeavor Group Holdings, Inc. has a 1-year low of $17.65 and a 1-year high of $27.64.

Endeavor Group (NYSE:EDR - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. As a group, research analysts predict that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The business 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. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.87%. Endeavor Group's payout ratio is currently 43.64%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Endeavor Group in a research report on Wednesday, September 4th. They issued a "hold" rating for the company. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.