Charles Schwab Investment Management Inc. Acquires 76,618 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Charles Schwab Investment Management Inc. lifted its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,778,869 shares of the company's stock after purchasing an additional 76,618 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.26% of Endeavor Group worth $50,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Longfellow Investment Management Co. LLC purchased a new stake in shares of Endeavor Group during the 2nd quarter valued at about $75,000. DekaBank Deutsche Girozentrale bought a new position in shares of Endeavor Group during the 1st quarter valued at $102,000. SG Americas Securities LLC purchased a new position in shares of Endeavor Group in the 2nd quarter worth $130,000. CIBC Asset Management Inc purchased a new stake in Endeavor Group during the second quarter valued at $226,000. Finally, ProShare Advisors LLC bought a new position in Endeavor Group in the second quarter valued at about $255,000. 71.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Endeavor Group in a research report on Sunday. They set 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $27.86.

Insider Transactions at Endeavor Group

In related news, CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was 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. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is currently owned by corporate insiders.

Endeavor Group Price Performance

Shares of EDR traded up $0.03 during trading hours on Friday, reaching $30.37. 2,173,161 shares of the stock traded hands, compared to its average volume of 1,338,641. Endeavor Group Holdings, Inc. has a 52-week low of $22.64 and a 52-week high of $30.57. 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 has a market cap of $20.78 billion, a P/E ratio of -14.81 and a beta of 0.77. The company's 50-day moving average price is $29.15 and its two-hundred day moving average price is $27.88.

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.