Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by Corbin Capital Partners L.P.

Corbin Capital Partners L.P. lessened its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 27.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 918,496 shares of the company’s stock after selling 350,000 shares during the period. Endeavor Group comprises 47.4% of Corbin Capital Partners L.P.’s investment portfolio, making the stock its largest holding. Corbin Capital Partners L.P.’s holdings in Endeavor Group were worth $28,740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Athos Capital Ltd grew its stake in Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after acquiring an additional 4,447,000 shares in the last quarter. Geode Capital Management LLC grew its position in Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after purchasing an additional 79,212 shares in the last quarter. Polar Asset Management Partners Inc. increased its stake in Endeavor Group by 300.0% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after buying an additional 1,500,000 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Endeavor Group by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,836,023 shares of the company’s stock worth $57,449,000 after buying an additional 57,154 shares in the last quarter. Finally, Whitefort Capital Management LP acquired a new stake in shares of Endeavor Group during the 3rd quarter valued at $28,560,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Endeavor Group news, major shareholder Patrick Whitesell bought 117,769 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the purchase, the insider now directly owns 2,579,437 shares in the company, valued at $452,433,249.80. This trade represents a 4.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark S. Shapiro sold 74,525 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $30.04, for a total transaction of $2,238,731.00. Following the completion of the sale, the insider now owns 221,777 shares in the company, valued at approximately $6,662,181.08. The trade was a 25.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 1,212,077 shares of company stock valued at $191,824,043 and sold 146,905 shares valued at $4,418,864. Company insiders own 63.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EDR. Seaport Res Ptn lowered Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Trading Down 0.7 %

Shares of EDR stock opened at $28.84 on Friday. Endeavor Group Holdings, Inc. has a 12 month low of $25.07 and a 12 month high of $35.99. The company has a market cap of $19.80 billion, a PE ratio of -14.07 and a beta of 0.72. 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 business’s 50 day moving average is $30.76 and its two-hundred day moving average is $29.90.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.24 annualized dividend and a yield of 0.83%. Endeavor Group’s dividend payout ratio (DPR) is presently -9.02%.

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.