Jane Street Group LLC Reduces Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Jane Street Group LLC decreased its stake in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 43.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,016 shares of the company's stock after selling 48,464 shares during the quarter. Jane Street Group LLC's holdings in Endeavor Group were worth $1,800,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Endeavor Group by 28.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,723 shares of the company's stock worth $1,074,000 after buying an additional 8,859 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in Endeavor Group in the 2nd quarter worth approximately $2,703,000. Pentwater Capital Management LP grew its position in shares of Endeavor Group by 457.0% in the second quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company's stock valued at $356,796,000 after purchasing an additional 10,830,000 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Endeavor Group in the second quarter valued at approximately $226,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Endeavor Group in the second quarter valued at approximately $2,796,000. Institutional investors and hedge funds own 74.99% of the company's stock.

Endeavor Group Trading Down 0.2 %

NYSE EDR traded down $0.06 on Thursday, reaching $31.23. The stock had a trading volume of 205,852 shares, compared to its average volume of 3,309,338. Endeavor Group Holdings, Inc. has a 12-month low of $22.75 and a 12-month high of $31.42. The stock has a fifty day moving average price of $29.90 and a two-hundred day moving average price of $28.40. The firm has a market capitalization of $21.37 billion, a price-to-earnings ratio of -15.23 and a beta of 0.76. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. Endeavor Group's dividend payout ratio is presently -11.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Endeavor Group in a research note on Monday, December 9th. They issued a "sell" rating for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $27.86.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of the business's stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total value of $1,399,031.04. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $53,179,412.88. The trade was a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell acquired 60,208 shares of the company's stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the insider now owns 1,734,530 shares of the company's stock, valued at $249,303,996.90. This trade represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. 63.90% of the stock is currently owned by corporate insiders.

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.