Bank of New York Mellon Corp Cuts Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Bank of New York Mellon Corp cut its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 28.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 222,662 shares of the company’s stock after selling 89,044 shares during the quarter. Bank of New York Mellon Corp’s holdings in Endeavor Group were worth $6,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EDR. Entropy Technologies LP purchased a new stake in Endeavor Group during the third quarter valued at about $453,000. GSA Capital Partners LLP purchased a new stake in Endeavor Group during the third quarter valued at about $364,000. Quest Partners LLC purchased a new stake in Endeavor Group during the third quarter valued at about $2,001,000. LMR Partners LLP lifted its holdings in Endeavor Group by 41.6% during the third 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. Finally, Portfolio Design Labs LLC purchased a new stake in Endeavor Group during the third quarter valued at about $2,787,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Endeavor Group news, CAO William K. Fullerton sold 2,225 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total transaction of $68,040.50. Following the transaction, the chief accounting officer now directly owns 53,124 shares in the company, valued at $1,624,531.92. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Whitesell purchased 263,200 shares of Endeavor Group stock in a transaction on Monday, December 16th. The shares were acquired at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the transaction, the insider now directly owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,475,277 shares of company stock worth $230,506,547 and have sold 146,905 shares worth $4,418,864. 63.90% of the stock is owned by company insiders.

Endeavor Group Stock Up 0.0 %

EDR stock opened at $28.86 on Friday. 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’s 50 day moving average is $30.90 and its 200 day moving average is $29.87. The stock has a market cap of $19.80 billion, a price-to-earnings ratio of -14.08 and a beta of 0.72. Endeavor Group Holdings, Inc. has a 1-year low of $24.41 and a 1-year high of $35.99.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is -9.02%.

Analyst Ratings Changes

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

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.