Maven Securities LTD Has $571,000 Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Maven Securities LTD reduced its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 76.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,000 shares of the company's stock after selling 63,900 shares during the period. Maven Securities LTD's holdings in Endeavor Group were worth $571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EDR. LMR Partners LLP increased its position in shares of Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company's stock valued at $125,486,000 after acquiring an additional 1,290,867 shares during the last quarter. Moran Wealth Management LLC bought a new position in Endeavor Group in the third quarter valued at approximately $2,870,000. Davide Leone & Partners Investment Co Ltd. increased its position in shares of Endeavor Group by 81.0% during the 2nd quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company's stock worth $22,947,000 after purchasing an additional 380,000 shares during the last quarter. Palliser Capital UK Ltd increased its position in shares of Endeavor Group by 230.0% during the 3rd quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company's stock worth $35,336,000 after purchasing an additional 862,380 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Endeavor Group by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company's stock worth $50,804,000 after purchasing an additional 76,618 shares in the last quarter. 71.37% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction 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 sale, the chief executive officer now owns 1,831,247 shares of the company's stock, valued at approximately $53,179,412.88. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a research note on Sunday. They issued 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. According to MarketBeat.com, Endeavor Group presently has a consensus rating of "Hold" and a consensus target price of $27.86.

Endeavor Group Stock Performance

Shares of EDR stock traded up $0.10 during midday trading on Thursday, hitting $30.39. 4,378,440 shares of the company were exchanged, compared to its average volume of 3,408,125. The firm has a market capitalization of $20.79 billion, a P/E ratio of -14.82 and a beta of 0.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The firm's 50 day moving average price is $29.29 and its two-hundred day moving average price is $27.96. Endeavor Group Holdings, Inc. has a 52 week low of $22.64 and a 52 week high of $30.60.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 0.79%. Endeavor Group's dividend payout ratio (DPR) is presently -11.71%.

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.