Quantbot Technologies LP Invests $1.59 Million in Endeavor Group Holdings, Inc. (NYSE:EDR)

Quantbot Technologies LP purchased a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 55,702 shares of the company's stock, valued at approximately $1,591,000.

Other institutional investors have also bought and sold shares of the company. Pentwater Capital Management LP boosted its position in Endeavor Group by 457.0% during the second quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company's stock worth $356,796,000 after purchasing an additional 10,830,000 shares during the period. Davidson Kempner Capital Management LP purchased a new position in shares of Endeavor Group in the second quarter valued at $205,038,000. Glazer Capital LLC purchased a new stake in Endeavor Group during the 2nd quarter worth about $49,017,000. LMR Partners LLP boosted 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 period. Finally, Water Island Capital LLC purchased a new stake in shares of Endeavor Group in the second quarter worth $28,497,000. Hedge funds and other institutional investors own 71.37% of the company's stock.

Insider Activity at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,458,040.70. This represents a 7.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 225,272 shares of company stock valued at $6,372,925. Corporate insiders own 63.90% of the company's stock.

Endeavor Group Price Performance

NYSE EDR traded up $0.03 during trading hours on Friday, reaching $30.37. 2,173,161 shares of the stock traded hands, compared to its average volume of 3,428,833. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a 50 day simple moving average of $29.15 and a two-hundred day simple moving average of $27.87. Endeavor Group Holdings, Inc. has a 1 year low of $22.64 and a 1 year high of $30.57. The company has a market cap of $20.78 billion, a price-to-earnings ratio of -14.81 and a beta of 0.77.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Endeavor Group in a research report on Saturday, November 23rd. They set a "hold" rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Endeavor Group has an average rating of "Hold" and a consensus price target 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.