Marathon Trading Investment Management LLC Trims Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Marathon Trading Investment Management LLC lessened its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 54.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,716 shares of the company's stock after selling 48,368 shares during the quarter. Endeavor Group accounts for approximately 0.1% of Marathon Trading Investment Management LLC's holdings, making the stock its 29th largest holding. Marathon Trading Investment Management LLC's holdings in Endeavor Group were worth $1,163,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of Endeavor Group during the second quarter worth about $75,000. DekaBank Deutsche Girozentrale purchased a new position in Endeavor Group in the 1st quarter valued at $102,000. SG Americas Securities LLC purchased a new position in shares of Endeavor Group during the 2nd quarter worth approximately $130,000. CIBC Asset Management Inc acquired a new stake in Endeavor Group in the second quarter valued at $226,000. Finally, ProShare Advisors LLC acquired a new position in Endeavor Group during the second quarter worth about $255,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a research note on Friday. They issued a "hold" rating for the company. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $27.86.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel sold 149,280 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,458,040.70. The trade was a 7.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 225,272 shares of company stock valued at $6,372,925 in the last three months. 63.90% of the stock is currently owned by corporate insiders.

Endeavor Group Trading Up 0.5 %

Endeavor Group stock traded up $0.15 during midday trading on Friday, hitting $28.98. 3,005,882 shares of the stock were exchanged, compared to its average volume of 1,690,299. The company has a quick ratio of 0.62, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a 52 week low of $22.64 and a 52 week high of $29.67. The company has a fifty day simple moving average of $28.72 and a two-hundred day simple moving average of $27.65. The stock has a market capitalization of $19.83 billion, a PE ratio of -14.14 and a beta of 0.77.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. Endeavor Group's dividend payout ratio is currently -11.71%.

Endeavor Group 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.