Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 32.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 72,824 shares of the company’s stock after selling 34,865 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Endeavor Group were worth $1,968,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new position in shares of Endeavor Group in the 2nd quarter valued at $75,000. PNC Financial Services Group Inc. boosted its holdings in shares of Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after buying an additional 399 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Endeavor Group in the first quarter worth approximately $102,000. SG Americas Securities LLC acquired a new stake in shares of Endeavor Group during the second quarter valued at approximately $130,000. Finally, Quest Partners LLC acquired a new stake in shares of Endeavor Group during the fourth quarter valued at approximately $177,000. 71.37% of the stock is owned by institutional investors.

Insider Activity at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $27.28, for a total transaction of $568,296.96. Following the transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 63.90% of the stock is currently owned by company insiders.

Endeavor Group Stock Up 1.3 %

Endeavor Group stock opened at $28.08 on Friday. Endeavor Group Holdings, Inc. has a twelve month low of $17.65 and a twelve month high of $28.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $19.46 billion, a PE ratio of 51.05 and a beta of 0.77. The firm’s 50 day moving average price is $27.44 and its two-hundred day moving average price is $26.73.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The company 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%. On average, research analysts predict that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.85%. Endeavor Group’s dividend payout ratio is 43.64%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Endeavor Group in a research report on Friday. They set a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.