Wolverine Asset Management LLC Has $37,000 Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Wolverine Asset Management LLC trimmed its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 98.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,174 shares of the company’s stock after selling 64,679 shares during the quarter. Wolverine Asset Management LLC’s holdings in Endeavor Group were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. LMR Partners LLP boosted its holdings in Endeavor Group by 41.6% during the third 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 in the last quarter. Geode Capital Management LLC boosted its holdings 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. Moran Wealth Management LLC acquired a new stake in Endeavor Group during the third quarter valued at approximately $2,870,000. Portfolio Design Labs LLC boosted its holdings in Endeavor Group by 42.7% during the fourth quarter. Portfolio Design Labs LLC now owns 139,243 shares of the company’s stock valued at $4,357,000 after purchasing an additional 41,665 shares in the last quarter. Finally, Athos Capital Ltd boosted its holdings in Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after purchasing an additional 4,447,000 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

Endeavor Group Stock Performance

EDR stock opened at $30.01 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50 day moving average price of $31.38 and a 200 day moving average price of $29.69. Endeavor Group Holdings, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $35.99. The stock has a market capitalization of $20.53 billion, a PE ratio of -14.64 and a beta of 0.74.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell acquired 263,200 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the transaction, the insider now directly owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO William K. Fullerton sold 2,225 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the completion of the transaction, the chief accounting officer now owns 53,124 shares of the company’s stock, valued at $1,624,531.92. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased 1,535,485 shares of company stock worth $239,160,243 in the last quarter. Insiders own 63.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EDR. StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Seaport Res Ptn cut shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.