Endeavor Group Holdings, Inc. (NYSE:EDR) Position Reduced by Xn LP

Xn LP reduced its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 72.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,363,415 shares of the company’s stock after selling 3,502,642 shares during the period. Endeavor Group comprises approximately 1.5% of Xn LP’s holdings, making the stock its 20th largest position. Xn LP owned approximately 0.20% of Endeavor Group worth $36,853,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EDR. Longfellow Investment Management Co. LLC purchased a new position in Endeavor Group during the 2nd quarter worth approximately $75,000. PNC Financial Services Group Inc. grew its holdings 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 valued at $76,000 after buying an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Endeavor Group during the first quarter valued at $102,000. SG Americas Securities LLC purchased a new stake in Endeavor Group in the 2nd quarter worth about $130,000. Finally, Quest Partners LLC acquired a new stake in Endeavor Group during the 4th quarter worth about $177,000. Institutional investors and hedge funds own 71.37% of the company’s stock.

Endeavor Group Stock Up 0.0 %

EDR opened at $27.59 on Wednesday. The company has a market capitalization of $19.11 billion, a PE ratio of 50.15 and a beta of 0.77. 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 fifty-two week low of $17.65 and a fifty-two week high of $27.65. The business has a 50-day moving average of $27.42 and a 200-day moving average of $26.69.

Endeavor Group (NYSE:EDR) last issued 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 business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. Equities research analysts forecast that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, September 16th. Endeavor Group’s payout ratio is presently 43.64%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Endeavor Group in a report on Thursday, September 12th. They issued a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Endeavor Group currently has a consensus rating of “Hold” and a consensus price target of $27.86.

Insider Buying and Selling

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 transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 63.90% of the stock is currently owned by corporate insiders.

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.