Wolverine Asset Management LLC Decreases Stock Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Wolverine Asset Management LLC cut its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR) by 36.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,853 shares of the company’s stock after selling 37,572 shares during the quarter. Wolverine Asset Management LLC’s holdings in Endeavor Group were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Arizona State Retirement System grew its position in shares of Endeavor Group by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after buying an additional 898 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Endeavor Group by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after acquiring an additional 1,346 shares in the last quarter. Mirador Capital Partners LP increased its position in Endeavor Group by 6.7% during the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after purchasing an additional 1,655 shares during the period. Comerica Bank raised its holdings in Endeavor Group by 11.7% in the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock worth $451,000 after purchasing an additional 1,832 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC purchased a new stake in shares of Endeavor Group in the 2nd quarter worth about $75,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a research report on Thursday, November 7th. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.86.

Insider Activity at Endeavor Group

In other news, CEO Ariel Emanuel sold 149,280 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 225,272 shares of company stock valued at $6,372,925 in the last 90 days. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Trading Down 0.2 %

NYSE:EDR opened at $28.90 on Tuesday. The firm has a market capitalization of $19.78 billion, a P/E ratio of -14.10 and a beta of 0.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Endeavor Group Holdings, Inc. has a one year low of $22.64 and a one year high of $29.67. The company’s 50-day simple moving average is $28.60 and its 200 day simple moving average is $27.59.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.06 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. Endeavor Group’s payout ratio is currently -11.71%.

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.