Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Athos Capital Ltd grew its stake in shares of Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company's stock worth $220,460,000 after purchasing an additional 4,447,000 shares during the period. Polar Asset Management Partners Inc. grew its position in Endeavor Group by 300.0% during the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company's stock worth $57,120,000 after buying an additional 1,500,000 shares during the period. LMR Partners LLP increased its holdings in Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company's stock valued at $125,486,000 after buying an additional 1,290,867 shares in the last quarter. Whitefort Capital Management LP acquired a new stake in shares of Endeavor Group during the 3rd quarter valued at approximately $28,560,000. Finally, Barclays PLC boosted its stake in shares of Endeavor Group by 5,247.7% during the 3rd quarter. Barclays PLC now owns 318,188 shares of the company's stock worth $9,087,000 after acquiring an additional 312,238 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company's stock.

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Endeavor Group Price Performance

Shares of EDR traded up $0.01 during trading hours on Wednesday, reaching $29.01. 446,840 shares of the company traded hands, compared to its average volume of 1,672,903. The stock has a market capitalization of $19.91 billion, a PE ratio of -14.15 and a beta of 0.72. The stock has a fifty day simple moving average of $30.82 and a 200 day simple moving average of $29.91. Endeavor Group Holdings, Inc. has a fifty-two week low of $24.41 and a fifty-two week high of $35.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. Endeavor Group's dividend payout ratio (DPR) is presently -9.02%.

Insider Activity

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 108,476 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was bought at an average cost of $144.13 per share, for a total transaction of $15,634,645.88. Following the acquisition, the insider now owns 915,852 shares of the company's stock, valued at approximately $132,001,748.76. The trade was a 13.44 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark S. Shapiro sold 74,525 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $30.04, for a total value of $2,238,731.00. Following the sale, the insider now owns 221,777 shares in the company, valued at $6,662,181.08. This trade represents a 25.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 1,212,077 shares of company stock valued at $191,824,043 and sold 146,905 shares valued at $4,418,864. Company insiders own 63.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EDR. StockNews.com cut Endeavor Group from a "hold" rating to a "sell" rating in a report on Monday, February 10th. Seaport Res Ptn downgraded Endeavor Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 11th. Two 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 has an average rating of "Hold" and an average price target 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.