Bwcp LP Reduces Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Bwcp LP lowered its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 23.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,295 shares of the company's stock after selling 127,939 shares during the period. Endeavor Group accounts for about 2.8% of Bwcp LP's investment portfolio, making the stock its 19th largest position. Bwcp LP owned about 0.06% of Endeavor Group worth $11,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of EDR. Longfellow Investment Management Co. LLC purchased a new position in Endeavor Group during the 2nd quarter valued at approximately $75,000. PNC Financial Services Group Inc. grew its holdings in shares of Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company's stock valued at $76,000 after purchasing an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Endeavor Group in the first quarter worth $102,000. SG Americas Securities LLC bought a new stake in Endeavor Group in the second quarter worth $130,000. Finally, Quest Partners LLC purchased a new stake in Endeavor Group during the fourth quarter valued at $177,000. Hedge funds and other institutional investors own 71.37% of the company's stock.

Insider Buying and Selling

In other news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares in the company, valued at $3,551,501.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Jason Lublin sold 20,832 shares of the business's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the transaction, the chief financial officer now directly owns 130,187 shares in the company, valued at approximately $3,551,501.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ariel Emanuel sold 149,280 shares of the firm's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,458,040.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,928 shares of company stock worth $5,542,191. 63.90% of the stock is owned by company insiders.

Endeavor Group Stock Down 0.9 %

EDR stock traded down $0.25 on Wednesday, hitting $28.00. 3,820,758 shares of the company's stock were exchanged, compared to its average volume of 3,731,426. The firm has a 50 day moving average price of $27.47 and a two-hundred day moving average price of $26.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Endeavor Group Holdings, Inc. has a 12-month low of $17.65 and a 12-month high of $28.28. The stock has a market cap of $19.16 billion, a P/E ratio of 50.95 and a beta of 0.77.

Endeavor Group (NYSE:EDR - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. As a group, equities research analysts expect that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.06 dividend. 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 0.86%. Endeavor Group's dividend payout ratio is currently 43.64%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Endeavor Group in a research note on Friday, September 20th. They issued a "hold" rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.