Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management trimmed its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 624,500 shares of the company's stock after selling 175,000 shares during the quarter. Picton Mahoney Asset Management owned approximately 0.09% of Endeavor Group worth $19,541,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP acquired a new stake in Endeavor Group in the third quarter valued at approximately $453,000. GSA Capital Partners LLP acquired a new stake in Endeavor Group in the third quarter valued at approximately $364,000. Quest Partners LLC acquired a new stake in Endeavor Group in the third quarter valued at approximately $2,001,000. LMR Partners LLP boosted its stake in 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 in the last quarter. Finally, Portfolio Design Labs LLC acquired a new stake in Endeavor Group in the third quarter valued at approximately $2,787,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on EDR. StockNews.com downgraded 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 note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $27.86.

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Insider Transactions at Endeavor Group

In related news, insider Mark S. Shapiro sold 74,525 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $30.04, for a total transaction of $2,238,731.00. Following the transaction, the insider now directly owns 221,777 shares in the company, valued at approximately $6,662,181.08. The trade was a 25.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason Lublin sold 50,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $29.98, for a total transaction of $1,499,000.00. Following the transaction, the chief financial officer now owns 219,613 shares in the company, valued at $6,583,997.74. The trade was a 18.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 1,212,077 shares of company stock valued at $191,824,043 and sold 146,905 shares valued at $4,418,864. Corporate insiders own 63.90% of the company's stock.

Endeavor Group Stock Performance

EDR traded up $0.01 on Wednesday, reaching $29.01. The stock had a trading volume of 1,039,979 shares, compared to its average volume of 2,990,178. Endeavor Group Holdings, Inc. has a 12-month low of $24.41 and a 12-month high of $35.99. 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 business's 50-day moving average price is $30.82 and its two-hundred day moving average price is $29.91. The company has a market cap of $19.91 billion, a P/E ratio of -14.15 and a beta of 0.72.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. Endeavor Group's dividend payout ratio is currently -9.02%.

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.