FORA Capital LLC Sells 47,110 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

FORA Capital LLC decreased its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 67.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,807 shares of the company's stock after selling 47,110 shares during the quarter. FORA Capital LLC's holdings in Endeavor Group were worth $651,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EDR. LMR Partners LLP boosted its stake in shares of Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company's stock valued at $125,486,000 after purchasing an additional 1,290,867 shares in the last quarter. Moran Wealth Management LLC acquired a new position in Endeavor Group in the third quarter valued at about $2,870,000. Davide Leone & Partners Investment Co Ltd. boosted its position in Endeavor Group by 81.0% in the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company's stock valued at $22,947,000 after buying an additional 380,000 shares in the last quarter. Palliser Capital UK Ltd grew its stake in Endeavor Group by 230.0% during the third quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company's stock worth $35,336,000 after buying an additional 862,380 shares during the last quarter. Finally, JBF Capital Inc. acquired a new stake in shares of Endeavor Group during the second quarter worth approximately $622,000. 71.37% of the stock is owned by institutional investors.

Endeavor Group Trading Up 0.1 %

EDR stock traded up $0.03 during trading on Friday, hitting $30.37. The company had a trading volume of 2,173,160 shares, compared to its average volume of 3,428,833. The stock has a market cap of $20.78 billion, a price-to-earnings ratio of -14.81 and a beta of 0.77. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $29.11 and a 200-day moving average price of $27.85. Endeavor Group Holdings, Inc. has a 12 month low of $22.64 and a 12 month high of $30.57.

Insider Activity

In other news, CEO Ariel Emanuel sold 27,816 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,293,228.47. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 225,272 shares of company stock valued at $6,372,925 over the last 90 days. 63.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Endeavor Group in a report on Saturday, November 23rd. They set a "hold" rating for the company. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Endeavor Group has a consensus 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.