Sagefield Capital LP Invests $2.16 Million in Endeavor Group Holdings, Inc. (NYSE:EDR)

Sagefield Capital LP bought a new stake in Endeavor Group Holdings, Inc. (NYSE:EDR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 80,012 shares of the company’s stock, valued at approximately $2,163,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EDR. Longfellow Investment Management Co. LLC purchased a new position in shares of Endeavor Group in the 2nd quarter valued at about $75,000. PNC Financial Services Group Inc. raised its holdings in Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after acquiring an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Endeavor Group in the first quarter worth approximately $102,000. SG Americas Securities LLC acquired a new position in Endeavor Group during the 2nd quarter worth approximately $130,000. Finally, Quest Partners LLC purchased a new stake in shares of Endeavor Group in the 4th quarter valued at approximately $177,000. 71.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $27.91 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Endeavor Group Holdings, Inc. has a 12 month low of $17.65 and a 12 month high of $28.10. The firm has a market capitalization of $19.34 billion, a P/E ratio of 50.75 and a beta of 0.77. The company’s fifty day moving average price is $27.45 and its 200 day moving average price is $26.79.

Endeavor Group (NYSE:EDR) last posted its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. As a group, sell-side analysts predict that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.86%. Endeavor Group’s dividend payout ratio (DPR) is presently 43.64%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a research report on Friday. They set a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has issued 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 price target 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.