Exchange Traded Concepts LLC Has $576,000 Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Exchange Traded Concepts LLC lowered its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 11.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,185 shares of the company’s stock after selling 2,516 shares during the period. Exchange Traded Concepts LLC’s holdings in Endeavor Group were worth $576,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pentwater Capital Management LP raised its position in Endeavor Group by 457.0% in the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after purchasing an additional 10,830,000 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in Endeavor Group during the 2nd quarter worth $205,038,000. Glazer Capital LLC acquired a new stake in Endeavor Group during the 2nd quarter worth $49,017,000. Water Island Capital LLC acquired a new stake in Endeavor Group during the 2nd quarter worth $28,497,000. Finally, Alpine Associates Management Inc. acquired a new position in shares of Endeavor Group in the 2nd quarter valued at $25,462,000. Institutional investors own 71.37% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Endeavor Group in a report on Monday, October 14th. They issued a “hold” rating for the company. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Endeavor Group has a consensus rating of “Hold” and an average target price of $27.86.

Endeavor Group Stock Up 0.3 %

Shares of EDR stock opened at $29.45 on Friday. 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’s 50-day moving average is $28.07 and its 200-day moving average is $27.26. The stock has a market cap of $20.40 billion, a price-to-earnings ratio of 53.55 and a beta of 0.78. Endeavor Group Holdings, Inc. has a 52-week low of $17.65 and a 52-week high of $29.54.

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

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. Endeavor Group’s payout ratio is presently 43.64%.

Insiders Place Their Bets

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the 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 in the company, valued at $3,551,501.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the 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 in the company, valued at $3,551,501.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ariel Emanuel sold 149,280 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,458,040.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 246,104 shares of company stock worth $6,941,222 in the last quarter. Corporate insiders own 63.90% of the company’s stock.

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.