Quantbot Technologies LP Takes $1.59 Million Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Quantbot Technologies LP purchased a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 55,702 shares of the company’s stock, valued at approximately $1,591,000.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a research report on Saturday, November 23rd. They issued a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Endeavor Group has a consensus rating of “Hold” and a consensus price target of $27.86.

Insider Transactions at Endeavor Group

In related news, CEO Ariel Emanuel sold 27,816 shares of Endeavor Group stock in a transaction on Friday, September 20th. The stock was sold at an average price of $28.01, for a total transaction of $779,126.16. Following the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 225,272 shares of company stock worth $6,372,925 in the last 90 days. Insiders own 63.90% of the company’s stock.

Endeavor Group Trading Up 0.1 %

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

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.