Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by Corbin Capital Partners L.P.

Corbin Capital Partners L.P. reduced its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 27.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 918,496 shares of the company's stock after selling 350,000 shares during the quarter. Endeavor Group makes up approximately 47.4% of Corbin Capital Partners L.P.'s portfolio, making the stock its largest position. Corbin Capital Partners L.P. owned about 0.13% of Endeavor Group worth $28,740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EDR. Geode Capital Management LLC increased its position in Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company's stock worth $59,367,000 after purchasing an additional 79,212 shares during the last quarter. Moran Wealth Management LLC bought a new stake in shares of Endeavor Group in the 3rd quarter valued at approximately $2,870,000. Portfolio Design Labs LLC increased its holdings in Endeavor Group by 42.7% in the fourth quarter. Portfolio Design Labs LLC now owns 139,243 shares of the company's stock worth $4,357,000 after buying an additional 41,665 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Endeavor Group by 37.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,240 shares of the company's stock valued at $1,760,000 after acquiring an additional 15,451 shares in the last quarter. Finally, Athos Capital Ltd lifted its stake in Endeavor Group by 135.9% in the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company's stock valued at $220,460,000 after acquiring an additional 4,447,000 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Endeavor Group

In related news, CAO William K. Fullerton sold 6,875 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $31.17, for a total transaction of $214,293.75. Following the completion of the transaction, the chief accounting officer now directly owns 53,255 shares in the company, valued at $1,659,958.35. This represents a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Lublin sold 50,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $29.98, for a total transaction of $1,499,000.00. Following the completion of the sale, the chief financial officer now directly owns 219,613 shares of the company's stock, valued at approximately $6,583,997.74. This trade represents a 18.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,212,077 shares of company stock worth $191,824,043 and sold 146,905 shares worth $4,418,864. Corporate insiders own 63.90% of the company's stock.

Endeavor Group Stock Performance

EDR traded up $1.22 during trading on Tuesday, hitting $30.05. The stock had a trading volume of 38,272,387 shares, compared to its average volume of 3,127,133. 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 50 day simple moving average of $30.74 and a 200-day simple moving average of $29.96. The firm has a market cap of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. Endeavor Group Holdings, Inc. has a 12 month low of $25.07 and a 12 month high of $35.99.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, February 28th. Endeavor Group's dividend payout ratio is currently -9.02%.

Analyst Ratings Changes

Several research analysts have recently commented on EDR shares. StockNews.com lowered shares of Endeavor Group from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Seaport Res Ptn downgraded shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 11th. Two investment 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, the company has a consensus rating of "Hold" and an average target price of $27.86.

Endeavor Group Company 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.