UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 17.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 317,038 shares of the company's stock after selling 69,300 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Endeavor Group were worth $9,055,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Longfellow Investment Management Co. LLC purchased a new stake in shares of Endeavor Group during the second quarter worth about $75,000. SG Americas Securities LLC purchased a new stake in Endeavor Group during the 2nd quarter valued at about $130,000. FMR LLC grew its stake in Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company's stock valued at $159,000 after acquiring an additional 2,248 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Endeavor Group during the 2nd quarter valued at about $226,000. Finally, ProShare Advisors LLC purchased a new stake in Endeavor Group during the 2nd quarter valued at about $255,000. Hedge funds and other institutional investors own 74.99% of the company's stock.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is currently owned by insiders.

Endeavor Group Price Performance

Shares of EDR stock remained flat at $30.44 during trading hours on Monday. 1,377,851 shares of the stock traded hands, compared to its average volume of 3,389,417. The business's fifty day moving average is $29.37 and its two-hundred day moving average is $28.02. The company has a quick ratio of 0.63, 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 $30.60. The firm has a market capitalization of $20.82 billion, a PE ratio of -14.85 and a beta of 0.76.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. Endeavor Group's dividend payout ratio is currently -11.71%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a research note on Monday. They issued a "sell" rating for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $27.86.

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.