Bardin Hill Management Partners LP Has $18.22 Million Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Bardin Hill Management Partners LP grew its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 23.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 673,889 shares of the company's stock after purchasing an additional 126,237 shares during the quarter. Endeavor Group makes up approximately 7.4% of Bardin Hill Management Partners LP's portfolio, making the stock its 2nd largest holding. Bardin Hill Management Partners LP owned 0.10% of Endeavor Group worth $18,215,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Longfellow Investment Management Co. LLC purchased a new position in shares of Endeavor Group in the 2nd quarter valued at $75,000. PNC Financial Services Group Inc. boosted its stake in Endeavor Group by 14.2% in 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 shares of Endeavor Group during the 1st quarter valued at $102,000. SG Americas Securities LLC acquired a new stake in shares of Endeavor Group in the 2nd quarter valued at $130,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Endeavor Group in the 2nd quarter valued at $226,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Price Performance

Shares of Endeavor Group stock traded up $0.32 during trading on Wednesday, reaching $28.72. The company's stock had a trading volume of 4,072,892 shares, compared to its average volume of 3,731,072. The stock has a 50-day moving average price of $27.61 and a two-hundred day moving average price of $26.95. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. Endeavor Group Holdings, Inc. has a one year low of $17.65 and a one year high of $28.80. The stock has a market capitalization of $19.90 billion, a P/E ratio of 52.22 and a beta of 0.77.

Endeavor Group (NYSE:EDR - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS 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 analyst estimates 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, sell-side analysts anticipate that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.84%. Endeavor Group's payout ratio is currently 43.64%.

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 149,280 shares of the business's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Jason Lublin sold 20,832 shares of the 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 sale, the chief financial officer now directly owns 130,187 shares of the company's stock, valued at approximately $3,551,501.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ariel Emanuel sold 149,280 shares of the stock in a transaction on Tuesday, September 24th. The stock was 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 directly 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 ninety days, insiders sold 197,928 shares of company stock worth $5,542,191. 63.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Endeavor Group in a research note on Saturday. They issued a "hold" rating on the stock. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.