Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by Twin Securities Inc.

Twin Securities Inc. lowered its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 397,180 shares of the company’s stock after selling 156,235 shares during the period. Endeavor Group comprises approximately 7.3% of Twin Securities Inc.’s investment portfolio, making the stock its 6th biggest position. Twin Securities Inc. owned approximately 0.06% of Endeavor Group worth $12,428,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EDR. Toronto Dominion Bank acquired a new position in shares of Endeavor Group in the fourth quarter worth about $289,205,000. Steadfast Capital Management LP raised its position in shares of Endeavor Group by 207.9% during the 4th quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company’s stock worth $113,948,000 after purchasing an additional 2,458,800 shares during the last quarter. Madison Avenue Partners LP raised its position in shares of Endeavor Group by 228.3% during the 4th quarter. Madison Avenue Partners LP now owns 2,397,658 shares of the company’s stock worth $75,023,000 after purchasing an additional 1,667,398 shares during the last quarter. Irenic Capital Management LP raised its position in shares of Endeavor Group by 63.1% during the 4th quarter. Irenic Capital Management LP now owns 3,051,357 shares of the company’s stock worth $95,477,000 after purchasing an additional 1,180,333 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Endeavor Group by 8.3% during the 4th quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock worth $475,166,000 after purchasing an additional 1,167,887 shares during the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

Endeavor Group Stock Up 4.2%

Shares of NYSE EDR opened at $30.05 on Friday. Endeavor Group Holdings, Inc. has a 12-month low of $26.62 and a 12-month high of $35.99. The stock has a market cap of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $29.87 and a 200 day moving average of $30.36.

Insider Activity

In other news, CFO Jason Lublin sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $29.98, for a total value of $1,499,000.00. Following the transaction, the chief financial officer now directly owns 219,613 shares in the company, valued at approximately $6,583,997.74. This represents a 18.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Seth D. Krauss sold 13,280 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $30.03, for a total transaction of $398,798.40. Following the completion of the transaction, the chief accounting officer now owns 101,116 shares in the company, valued at approximately $3,036,513.48. This represents a 11.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,176,517 shares of company stock valued at $582,701,109 in the last 90 days. Company insiders own 63.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Endeavor Group in a research report on Monday, May 12th. They set a “sell” rating for the company. 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.

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.