Alpine Associates Management Inc. acquired a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 942,000 shares of the company's stock, valued at approximately $25,462,000. Endeavor Group accounts for about 1.2% of Alpine Associates Management Inc.'s holdings, making the stock its 24th biggest holding. Alpine Associates Management Inc. owned 0.14% of Endeavor Group as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Longfellow Investment Management Co. LLC bought a new stake in shares of Endeavor Group during the 2nd quarter worth approximately $75,000. PNC Financial Services Group Inc. lifted its position in shares of 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 during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Endeavor Group during the first quarter valued at $102,000. SG Americas Securities LLC bought a new position in shares of Endeavor Group in the second quarter worth about $130,000. Finally, Quest Partners LLC purchased a new position in Endeavor Group in the 4th quarter worth about $177,000. Hedge funds and other institutional investors own 71.37% of the company's stock.
Insider Buying and Selling at Endeavor Group
In related news, CFO Jason Lublin sold 20,832 shares of the company's stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at approximately $3,551,501.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 63.90% of the company's stock.
Endeavor Group Stock Down 0.1 %
Shares of EDR stock traded down $0.02 on Monday, hitting $27.58. The stock had a trading volume of 5,018,905 shares, compared to its average volume of 3,703,162. Endeavor Group Holdings, Inc. has a one year low of $17.65 and a one year high of $27.65. The business has a 50 day moving average price of $27.41 and a 200 day moving average price of $26.65. The company has a market cap of $19.11 billion, a PE ratio of 50.09 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.
Endeavor Group (NYSE:EDR - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06). Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. Research analysts anticipate that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.
Endeavor Group Announces Dividend
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 issued 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 dividend payout ratio is currently 43.64%.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Endeavor Group in a research report on Thursday. They issued a "hold" rating for the company. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Endeavor Group presently has a consensus rating of "Hold" and a consensus target price of $27.86.
Read Our Latest Report on EDR
About Endeavor Group
(
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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