Maven Securities LTD Acquires Shares of 83,900 Endeavor Group Holdings, Inc. (NYSE:EDR)

Maven Securities LTD bought a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 83,900 shares of the company’s stock, valued at approximately $2,268,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EDR. Water Island Capital LLC acquired a new stake in shares of Endeavor Group during the second quarter worth $28,497,000. Lighthouse Investment Partners LLC acquired a new stake in shares of Endeavor Group in the 2nd quarter worth $316,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Endeavor Group by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after acquiring an additional 1,346 shares in the last quarter. Davide Leone & Partners Investment Co Ltd. increased its stake in shares of Endeavor Group by 81.0% during the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock worth $22,947,000 after acquiring an additional 380,000 shares during the period. Finally, Empyrean Capital Partners LP purchased a new position in Endeavor Group during the second quarter worth about $18,094,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Endeavor Group Trading Down 0.5 %

Shares of Endeavor Group stock opened at $28.41 on Wednesday. The company has a 50-day moving average of $27.58 and a two-hundred day moving average of $26.94. Endeavor Group Holdings, Inc. has a 12-month low of $17.65 and a 12-month high of $28.64. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock has a market cap of $19.68 billion, a PE ratio of 51.65 and a beta of 0.77.

Endeavor Group (NYSE:EDR) last released its quarterly earnings data 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%. On average, research analysts anticipate that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given 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 dividend payout ratio is presently 43.64%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Endeavor Group in a research note on Saturday. They set a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.86.

Insider Activity at Endeavor Group

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,928 shares of company stock valued at $5,542,191. Insiders own 63.90% of the company’s stock.

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.