Jason Lublin Sells 50,000 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CFO Jason Lublin sold 50,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $29.98, for a total value of $1,499,000.00. Following the sale, the chief financial officer now directly owns 219,613 shares of the company’s stock, valued at approximately $6,583,997.74. This represents a 18.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Endeavor Group Trading Up 1.0 %

Endeavor Group stock opened at $31.19 on Thursday. Endeavor Group Holdings, Inc. has a 12 month low of $23.14 and a 12 month high of $35.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $31.38 and its two-hundred day simple moving average is $29.73. The company has a market capitalization of $21.34 billion, a price-to-earnings ratio of -15.21 and a beta of 0.74.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Endeavor Group’s payout ratio is currently -11.71%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.86.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Polar Asset Management Partners Inc. boosted its position in shares of Endeavor Group by 7.5% during the fourth quarter. Polar Asset Management Partners Inc. now owns 2,150,000 shares of the company’s stock valued at $67,274,000 after buying an additional 150,000 shares during the last quarter. Credit Industriel ET Commercial bought a new position in Endeavor Group during the 4th quarter valued at about $8,426,000. Ascent Group LLC boosted its holdings in shares of Endeavor Group by 21.8% during the 4th quarter. Ascent Group LLC now owns 89,711 shares of the company’s stock valued at $2,807,000 after acquiring an additional 16,080 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Endeavor Group in the fourth quarter worth approximately $810,000. Finally, Vise Technologies Inc. purchased a new position in shares of Endeavor Group during the fourth quarter valued at approximately $238,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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.