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

Westchester Capital Management LLC reduced its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,875,848 shares of the company’s stock after selling 65,010 shares during the period. Endeavor Group accounts for about 7.2% of Westchester Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Westchester Capital Management LLC’s holdings in Endeavor Group were worth $167,814,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Pentwater Capital Management LP increased its holdings in shares of Endeavor Group by 457.0% during the second quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock valued at $356,796,000 after acquiring an additional 10,830,000 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in Endeavor Group during the 2nd quarter valued at about $205,038,000. LMR Partners LLP grew its position in Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares during the last quarter. Glazer Capital LLC bought a new stake in Endeavor Group during the 2nd quarter valued at about $49,017,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Endeavor Group by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock worth $50,804,000 after buying an additional 76,618 shares during the last quarter. Institutional investors own 71.37% of the company’s stock.

Endeavor Group Stock Performance

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

Insider Buying and Selling

In other Endeavor Group news, CEO Ariel Emanuel sold 27,816 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. The trade was a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Endeavor Group in a research report on Saturday, November 23rd. They set a “hold” rating for the company. Nine 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.