Bardin Hill Management Partners LP Cuts Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Bardin Hill Management Partners LP trimmed its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 93.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,617 shares of the company's stock after selling 628,272 shares during the quarter. Endeavor Group comprises about 0.6% of Bardin Hill Management Partners LP's investment portfolio, making the stock its 26th biggest holding. Bardin Hill Management Partners LP's holdings in Endeavor Group were worth $1,303,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EDR. Longfellow Investment Management Co. LLC purchased a new stake in Endeavor Group during the 2nd quarter valued at about $75,000. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group during the 1st quarter valued at about $102,000. SG Americas Securities LLC purchased a new stake in Endeavor Group during the 2nd quarter valued at about $130,000. FMR LLC boosted its holdings in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company's stock valued at $159,000 after acquiring an additional 2,248 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of Endeavor Group during the 2nd quarter valued at about $226,000. 71.37% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Ariel Emanuel sold 149,280 shares of the firm's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. 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 $51,458,040.70. This trade represents a 7.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 225,272 shares of company stock worth $6,372,925 over the last quarter. Insiders own 63.90% of the company's stock.

Endeavor Group Price Performance

Shares of Endeavor Group stock traded up $0.22 on Monday, hitting $30.59. 438,962 shares of the company traded hands, compared to its average volume of 3,415,690. The stock has a market capitalization of $20.93 billion, a P/E ratio of -14.81 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. Endeavor Group Holdings, Inc. has a 52 week low of $22.64 and a 52 week high of $30.59. The business has a 50-day simple moving average of $29.15 and a 200 day simple moving average of $27.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a report on Sunday. They set a "hold" rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $27.86.

About Endeavor Group

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.