FNY Investment Advisers LLC purchased a new position in Endeavor Group Holdings, Inc. (NYSE:EDR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,483 shares of the company’s stock, valued at approximately $155,000.
Several other institutional investors have also recently made changes to their positions in EDR. Morgan Stanley increased its position in shares of Endeavor Group by 24.9% during the fourth quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock worth $303,710,000 after purchasing an additional 2,689,204 shares in the last quarter. Vanguard Group Inc. boosted its position in Endeavor Group by 29.4% during the third quarter. Vanguard Group Inc. now owns 12,006,491 shares of the company’s stock worth $243,251,000 after purchasing an additional 2,726,059 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Endeavor Group by 33.1% during the first quarter. Ameriprise Financial Inc. now owns 10,985,580 shares of the company’s stock valued at $262,885,000 after acquiring an additional 2,734,771 shares during the last quarter. Millennium Management LLC boosted its stake in Endeavor Group by 6.4% during the fourth quarter. Millennium Management LLC now owns 7,114,037 shares of the company’s stock worth $160,350,000 after buying an additional 429,390 shares during the last quarter. Finally, FMR LLC lifted its position in Endeavor Group by 13.7% in the first quarter. FMR LLC now owns 6,190,960 shares of the company’s stock valued at $148,150,000 after buying an additional 745,359 shares during the last quarter. Institutional investors own 43.70% of the company’s stock.
Insiders Place Their Bets
In other Endeavor Group news, insider Mark S. Shapiro sold 229,032 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $24.66, for a total value of $5,647,929.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Endeavor Group news, insider Mark S. Shapiro sold 229,032 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $24.66, for a total value of $5,647,929.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ariel Emanuel sold 150,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $24.08, for a total transaction of $3,612,000.00. Following the completion of the transaction, the chief executive officer now owns 204,450 shares of the company’s stock, valued at approximately $4,923,156. The disclosure for this sale can be found here. Insiders have sold a total of 702,045 shares of company stock valued at $17,050,402 in the last three months. Company insiders own 82.08% of the company’s stock.
Wall Street Analyst Weigh In
Endeavor Group Stock Down 1.0 %
EDR stock traded down $0.21 during trading hours on Friday, hitting $21.22. The company’s stock had a trading volume of 3,194,177 shares, compared to its average volume of 2,402,589. The company has a market capitalization of $14.96 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. The stock has a 50 day moving average price of $23.35 and a two-hundred day moving average price of $23.40. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.30. Endeavor Group Holdings, Inc. has a 12 month low of $18.58 and a 12 month high of $26.26.
Endeavor Group (NYSE:EDR – Get Free Report) last announced its earnings results on Tuesday, August 8th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.56). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Endeavor Group had a negative return on equity of 1.18% and a net margin of 3.54%. On average, equities research analysts expect that Endeavor Group Holdings, Inc. will post 1.02 earnings per share for the current year.
Endeavor Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.13%. Endeavor Group’s dividend payout ratio is presently 42.86%.
Endeavor Group Profile
Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.
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