Endeavor Group Holdings, Inc. (NYSE:EDR) CAO William K. Fullerton Sells 6,875 Shares

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

Endeavor Group Stock Down 1.0 %

Endeavor Group stock opened at $30.34 on Thursday. Endeavor Group Holdings, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $31.49. The firm has a market capitalization of $20.76 billion, a price-to-earnings ratio of -14.80 and a beta of 0.74. The stock’s fifty day moving average is $30.24 and its two-hundred day moving average is $28.69. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.79%. Endeavor Group’s dividend payout ratio (DPR) is currently -11.71%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.86.

Hedge Funds Weigh In On Endeavor Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC purchased a new position in shares of Endeavor Group during the 2nd quarter worth approximately $75,000. FMR LLC increased its position in Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after buying an additional 2,248 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Endeavor Group in the second quarter worth $226,000. Everence Capital Management Inc. purchased a new stake in shares of Endeavor Group in the fourth quarter valued at $233,000. Finally, Tidal Investments LLC lifted its position in shares of Endeavor Group by 7.9% in the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after acquiring an additional 620 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

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.