Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 65.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,494 shares of the company's stock after selling 45,599 shares during the quarter. Victory Capital Management Inc.'s holdings in Endeavor Group were worth $700,000 as of its most recent filing with the SEC.

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

Endeavor Group Trading Up 0.1 %

Shares of EDR stock traded up $0.03 during trading hours on Friday, hitting $30.37. 2,173,160 shares of the company were exchanged, compared to its average volume of 3,428,833. The firm has a fifty day moving average of $29.11 and a 200 day moving average of $27.85. 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 1 year low of $22.64 and a 1 year high of $30.57. The firm has a market cap of $20.78 billion, a PE ratio of -14.81 and a beta of 0.77.

Insider Buying and Selling

In other news, CEO Ariel Emanuel sold 27,816 shares of the firm's stock in a transaction dated 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 SEC, which is available through this hyperlink. Over the last quarter, insiders sold 225,272 shares of company stock valued at $6,372,925. Insiders own 63.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a 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 company's stock. According to data from MarketBeat, 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.