Wed Sep 25 04:12:42 UTC 2024: ## Endeavor Group CEO Sells Shares, Stock Remains Steady

**New York, NY** – Endeavor Group Holdings, Inc. (NYSE: EDR) CEO Ariel Emanuel sold 27,816 shares of the company’s stock on September 20th, according to a recent SEC filing. The transaction amounted to $779,126.16, with the shares sold at an average price of $28.01. Following the sale, Emanuel now owns 1,831,247 shares in Endeavor Group, valued at $51,293,228.47.

While the CEO’s stock sale may raise some eyebrows, Endeavor Group shares traded up $0.34 on Tuesday, reaching $28.25. The company’s stock volume was 3,376,071 shares, slightly below its average volume of 3,730,939.

Despite the insider selling, Endeavor Group’s financial performance remains strong. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62, and a quick ratio of 0.62. It also recently declared a quarterly dividend of $0.06, payable on September 30th, representing a $0.24 annualized dividend and a yield of 0.85%.

Analysts remain cautiously optimistic about Endeavor Group’s future. While StockNews.com initiated coverage with a “hold” rating, nine other analysts also hold “hold” ratings on the stock, with only one issuing a “buy” recommendation. This translates to a “Hold” consensus rating and an average target price of $27.86, according to MarketBeat.

Institutional investors remain interested in Endeavor Group, with several funds acquiring new positions in the fourth quarter. Notable among these include Quest Partners LLC, Bank of Nova Scotia, DLD Asset Management LP, Kodai Capital Management LP, and Gabelli Funds LLC. Institutional investors currently own 71.37% of the company’s stock.

Endeavor Group Holdings, Inc. operates as a sports and entertainment company, with segments including Owned Sports Properties, Events, Experiences & Rights, Representation, and Sports Data & Technology. The company owns a portfolio of sports properties, including the Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.

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