Endeavor Group Holdings, Inc. (NYSE:EDR) Position Lessened by Westchester Capital Management LLC

Westchester Capital Management LLC trimmed its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,875,848 shares of the company’s stock after selling 65,010 shares during the quarter. Endeavor Group comprises about 7.2% of Westchester Capital Management LLC’s holdings, making the stock its 2nd largest position. Westchester Capital Management LLC owned 0.86% of Endeavor Group worth $167,814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Walleye Capital LLC lifted its holdings in shares of Endeavor Group by 24.0% during the 3rd quarter. Walleye Capital LLC now owns 80,578 shares of the company’s stock worth $2,301,000 after acquiring an additional 15,578 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Endeavor Group by 2.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock valued at $1,165,000 after purchasing an additional 1,066 shares in the last quarter. FMR LLC lifted its stake in Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after purchasing an additional 2,248 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Endeavor Group in the 3rd quarter worth about $1,591,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Endeavor Group by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock valued at $50,804,000 after buying an additional 76,618 shares in the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Endeavor Group in a research report on Saturday, November 23rd. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Price Performance

Shares of Endeavor Group stock opened at $30.37 on Friday. The company has a market cap of $20.78 billion, a PE ratio of -14.81 and a beta of 0.77. The business has a 50 day moving average of $29.11 and a 200 day moving average of $27.85. Endeavor Group Holdings, Inc. has a 52 week low of $22.64 and a 52 week high of $30.57. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Insiders Place Their Bets

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction that occurred 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 directly owns 1,831,247 shares of the company’s stock, valued at approximately $51,458,040.70. The trade was a 7.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is currently owned by corporate insiders.

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.