Ascent Group LLC Invests $2.10 Million in Endeavor Group Holdings, Inc. (NYSE:EDR)

Ascent Group LLC bought a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 73,631 shares of the company's stock, valued at approximately $2,103,000.

Other institutional investors have also bought and sold shares of the company. Longfellow Investment Management Co. LLC acquired a new position in shares of Endeavor Group in the 2nd quarter valued at about $75,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Endeavor Group in the 1st quarter valued at $102,000. SG Americas Securities LLC acquired a new position in shares of Endeavor Group during the 2nd quarter valued at $130,000. FMR LLC grew its holdings in Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company's stock worth $159,000 after purchasing an additional 2,248 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in Endeavor Group in the second quarter valued at $226,000. Institutional investors own 71.37% of the company's stock.

Endeavor Group Trading Down 0.2 %

EDR stock traded down $0.05 during mid-day trading on Tuesday, reaching $30.43. 221,340 shares of the company traded hands, compared to its average volume of 3,403,054. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The firm's 50 day moving average price is $29.15 and its 200 day moving average price is $27.89. Endeavor Group Holdings, Inc. has a fifty-two week low of $22.64 and a fifty-two week high of $30.59.

Insider Activity at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 27,816 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $28.01, for a total transaction of $779,126.16. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 225,272 shares of company stock valued at $6,372,925 over the last 90 days. Insiders own 63.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Endeavor Group in a research note on Sunday. They issued a "hold" rating for the company. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Endeavor Group currently has a consensus rating of "Hold" and an average target price of $27.86.

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.