Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Sells $214,293.75 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO William K. Fullerton sold 6,875 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the transaction, the chief accounting officer now owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. This represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Endeavor Group Stock Performance

Shares of Endeavor Group stock opened at $30.62 on Wednesday. The stock has a market cap of $20.95 billion, a price-to-earnings ratio of -14.94 and a beta of 0.74. Endeavor Group Holdings, Inc. has a twelve month low of $22.77 and a twelve month high of $31.49. The company’s fifty day moving average is $30.22 and its 200 day moving average is $28.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.06 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. Endeavor Group’s payout ratio is -11.71%.

Hedge Funds Weigh In On Endeavor Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc bought a new position in Endeavor Group during the 2nd quarter worth approximately $226,000. Arizona State Retirement System raised its stake in Endeavor Group by 1.8% during the second quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after buying an additional 898 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new position in Endeavor Group in the second quarter valued at $75,000. Headlands Technologies LLC bought a new stake in Endeavor Group during the second quarter valued at $1,670,000. Finally, Vest Financial LLC grew its holdings in Endeavor Group by 24.4% during the 2nd quarter. Vest Financial LLC now owns 41,188 shares of the company’s stock worth $1,113,000 after acquiring an additional 8,071 shares during the period. 74.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Company 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.