Marshall Wace LLP Sells 672,449 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Marshall Wace LLP decreased its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 76.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 203,233 shares of the company’s stock after selling 672,449 shares during the quarter. Marshall Wace LLP’s holdings in Endeavor Group were worth $5,493,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of Nova Scotia purchased a new position in Endeavor Group during the 4th quarter valued at approximately $380,000. Gabelli Funds LLC purchased a new position in shares of Endeavor Group in the 4th quarter worth approximately $758,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Endeavor Group during the 4th quarter worth approximately $695,000. Owl Creek Asset Management L.P. bought a new stake in shares of Endeavor Group during the 4th quarter worth approximately $22,419,000. Finally, Caxton Associates LP bought a new stake in shares of Endeavor Group during the 4th quarter worth approximately $2,373,000. Institutional investors own 71.37% of the company’s stock.

Insider Buying and Selling at Endeavor Group

In related news, CEO Ariel Emanuel sold 27,816 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,293,228.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Ariel Emanuel sold 27,816 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was 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 in the company, valued at approximately $3,551,501.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,928 shares of company stock worth $5,542,191. 63.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Endeavor Group in a research note on Saturday. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Price Performance

EDR stock opened at $28.41 on Wednesday. Endeavor Group Holdings, Inc. has a 1 year low of $17.65 and a 1 year high of $28.64. 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 stock’s 50 day moving average price is $27.58 and its 200 day moving average price is $26.94. The firm has a market cap of $19.68 billion, a P/E ratio of 51.65 and a beta of 0.77.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 negative net margin of 6.23% and a positive return on equity of 4.45%. On average, sell-side analysts expect that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.84%. Endeavor Group’s payout ratio is currently 43.64%.

Endeavor Group 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.