Marathon Trading Investment Management LLC Trims Stock Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Marathon Trading Investment Management LLC trimmed its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 54.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,716 shares of the company’s stock after selling 48,368 shares during the period. Endeavor Group accounts for 0.1% of Marathon Trading Investment Management LLC’s portfolio, making the stock its 29th biggest position. Marathon Trading Investment Management LLC’s holdings in Endeavor Group were worth $1,163,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sei Investments Co. purchased a new stake in shares of Endeavor Group in the first quarter worth $644,000. Gabelli Funds LLC lifted its holdings in shares of Endeavor Group by 125.0% during the first quarter. Gabelli Funds LLC now owns 71,899 shares of the company’s stock valued at $1,850,000 after purchasing an additional 39,950 shares in the last quarter. Davide Leone & Partners Investment Co Ltd. lifted its holdings in shares of Endeavor Group by 81.0% during the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock valued at $22,947,000 after purchasing an additional 380,000 shares in the last quarter. JBF Capital Inc. bought a new position in shares of Endeavor Group during the second quarter valued at $622,000. Finally, Palliser Capital UK Ltd lifted its holdings in shares of Endeavor Group by 230.0% during the third quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after purchasing an additional 862,380 shares in the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.

Endeavor Group Stock Performance

EDR stock opened at $28.98 on Friday. Endeavor Group Holdings, Inc. has a fifty-two week low of $22.64 and a fifty-two week high of $29.67. The business’s 50-day moving average is $28.72 and its two-hundred day moving average is $27.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.62.

Endeavor Group Announces Dividend

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

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. This trade represents a 7.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 225,272 shares of company stock valued at $6,372,925 over the last quarter. 63.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Endeavor Group in a report on Friday. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.