The Manufacturers Life Insurance Company Grows Stock Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

The Manufacturers Life Insurance Company grew its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,054 shares of the company’s stock after buying an additional 1,346 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Endeavor Group were worth $1,245,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EDR. Longfellow Investment Management Co. LLC purchased a new stake in Endeavor Group during the second quarter worth approximately $75,000. PNC Financial Services Group Inc. lifted its position in shares of Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after purchasing an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Endeavor Group during the first quarter worth $102,000. SG Americas Securities LLC acquired a new position in shares of Endeavor Group during the second quarter worth $130,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Endeavor Group during the second quarter worth $226,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a research report on Sunday, October 6th. They set a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Endeavor Group currently has an average rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Stock Performance

EDR opened at $29.27 on Friday. The stock has a market capitalization of $20.03 billion, a PE ratio of -20.33 and a beta of 0.78. The firm’s fifty day moving average price is $27.87 and its 200 day moving average price is $27.13. 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 $29.38.

Endeavor Group (NYSE:EDR) last posted 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%. As a group, research analysts expect that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal 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 issued 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 0.82%. Endeavor Group’s dividend payout ratio (DPR) is -16.67%.

Insiders Place Their Bets

In other Endeavor Group 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 sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other 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 transaction of $568,296.96. Following the completion of the transaction, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ariel Emanuel sold 149,280 shares of the company’s 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 transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 246,104 shares of company stock valued at $6,941,222. Company insiders own 63.90% of the company’s stock.

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.