AlphaQuest LLC Trims Stock Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

AlphaQuest LLC trimmed its stake in Endeavor Group Holdings, Inc. (NYSE:EDR) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,809 shares of the company’s stock after selling 6,243 shares during the quarter. AlphaQuest LLC’s holdings in Endeavor Group were worth $1,997,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Athos Capital Ltd boosted its position in shares of Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after buying an additional 4,447,000 shares during the last quarter. LMR Partners LLP increased its position in shares of Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares during the last quarter. Geode Capital Management LLC increased its holdings in Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after buying an additional 79,212 shares during the last quarter. Polar Asset Management Partners Inc. grew its position in shares of Endeavor Group by 300.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after acquiring an additional 1,500,000 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Endeavor Group by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,836,023 shares of the company’s stock worth $57,449,000 after purchasing an additional 57,154 shares in the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Jason Lublin sold 50,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $29.98, for a total value of $1,499,000.00. Following the sale, the chief financial officer now directly owns 219,613 shares in the company, valued at approximately $6,583,997.74. The trade was a 18.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Seth D. Krauss sold 13,280 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $30.03, for a total value of $398,798.40. Following the transaction, the chief accounting officer now directly owns 101,116 shares of the company’s stock, valued at approximately $3,036,513.48. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 1,535,485 shares of company stock worth $239,160,243 and have sold 146,905 shares worth $4,418,864. Corporate insiders own 63.90% of the company’s stock.

Analyst Upgrades and Downgrades

EDR has been the topic of several recent research reports. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Endeavor Group has a consensus rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Stock Down 1.0 %

Shares of EDR opened at $28.56 on Friday. Endeavor Group Holdings, Inc. has a 12-month low of $24.33 and a 12-month high of $35.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $19.54 billion, a PE ratio of -13.93 and a beta of 0.72. The business’s 50 day moving average is $31.15 and its 200 day moving average is $29.83.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.06 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.84%. Endeavor Group’s dividend payout ratio is currently -9.02%.

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.