Jane Street Group LLC decreased its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR – Free Report) by 43.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,016 shares of the company’s stock after selling 48,464 shares during the period. Jane Street Group LLC’s holdings in Endeavor Group were worth $1,800,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Longfellow Investment Management Co. LLC acquired a new position in Endeavor Group during the second quarter worth $75,000. FMR LLC increased its stake in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after acquiring an additional 2,248 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Endeavor Group in the 2nd quarter worth $226,000. ProShare Advisors LLC acquired a new position in shares of Endeavor Group during the 2nd quarter valued at about $255,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of Endeavor Group in the second quarter valued at about $316,000. 74.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Endeavor Group in a report on Monday, December 9th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.86.
Endeavor Group Price Performance
Shares of EDR opened at $31.29 on Thursday. The firm has a 50-day simple moving average of $29.86 and a two-hundred day simple moving average of $28.39. The stock has a market cap of $21.41 billion, a PE ratio of -15.26 and a beta of 0.76. Endeavor Group Holdings, Inc. has a 1-year low of $22.75 and a 1-year high of $31.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.
Endeavor Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Monday, December 16th. Endeavor Group’s payout ratio is -11.71%.
Insiders Place Their Bets
In other Endeavor Group news, major shareholder Patrick Whitesell purchased 263,200 shares of Endeavor Group stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, the insider now owns 418,587 shares of the company’s stock, valued at $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ariel Emanuel sold 48,176 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. The trade was a 2.56 % decrease in their position. The disclosure for this sale can be found here. 63.90% of the stock is owned by insiders.
Endeavor Group Company 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.
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