Clearline Capital LP Has $20.88 Million Stock Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Clearline Capital LP reduced its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 772,486 shares of the company’s stock after selling 12,200 shares during the period. Endeavor Group makes up approximately 0.6% of Clearline Capital LP’s investment portfolio, making the stock its 14th biggest position. Clearline Capital LP’s holdings in Endeavor Group were worth $20,880,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC bought a new position in shares of Endeavor Group in the second quarter worth about $75,000. PNC Financial Services Group Inc. lifted its stake in Endeavor Group by 14.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after purchasing an additional 399 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Endeavor Group in the first quarter valued at approximately $102,000. SG Americas Securities LLC bought a new stake 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 institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Endeavor Group in a report on Saturday. They set a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.86.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the firm’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 in the company, valued at approximately $3,551,501.36. The disclosure for this sale can be found here. Insiders have sold 197,928 shares of company stock valued at $5,542,191 over the last ninety days. 63.90% of the stock is owned by company insiders.

Endeavor Group Trading Up 0.8 %

Shares of EDR stock opened at $28.55 on Friday. The stock has a 50-day moving average of $27.54 and a 200-day moving average of $26.88. 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 $19.54 billion, a price-to-earnings ratio of 51.91 and a beta of 0.77. Endeavor Group Holdings, Inc. has a 1-year low of $17.65 and a 1-year high of $28.62.

Endeavor Group (NYSE:EDR) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.87 billion. On average, equities research analysts forecast that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.84%. Endeavor Group’s dividend payout ratio is 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.