Citigroup Inc. Reduces Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Citigroup Inc. trimmed its position in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 16.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,973 shares of the company's stock after selling 35,000 shares during the period. Citigroup Inc.'s holdings in Endeavor Group were worth $5,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC acquired a new position in Endeavor Group during the second quarter valued at $75,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Endeavor Group in the 1st quarter valued at about $102,000. SG Americas Securities LLC purchased a new stake in shares of Endeavor Group in the second quarter worth about $130,000. CIBC Asset Management Inc acquired a new stake in Endeavor Group during the second quarter worth about $226,000. Finally, ProShare Advisors LLC purchased a new position in Endeavor Group during the second quarter valued at approximately $255,000. Hedge funds and other institutional investors own 71.37% of the company's stock.

Endeavor Group Stock Performance

Shares of NYSE:EDR traded down $0.02 during midday trading on Tuesday, reaching $30.46. 414,579 shares of the company's stock traded hands, compared to its average volume of 3,403,887. The company has a fifty day simple moving average of $29.20 and a two-hundred day simple moving average of $27.92. Endeavor Group Holdings, Inc. has a 1 year low of $22.64 and a 1 year high of $30.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares of the company's stock, valued at $51,458,040.70. This represents a 7.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 225,272 shares of company stock valued at $6,372,925 over the last ninety days. Corporate insiders own 63.90% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Endeavor Group in a research report on Sunday. They issued a "hold" rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.