FORA Capital LLC Sells 47,110 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

FORA Capital LLC reduced its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 67.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,807 shares of the company’s stock after selling 47,110 shares during the period. FORA Capital LLC’s holdings in Endeavor Group were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EDR. Longfellow Investment Management Co. LLC purchased a new stake in shares of Endeavor Group during the 2nd quarter worth approximately $75,000. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group during the first quarter valued at $102,000. SG Americas Securities LLC bought a new position in Endeavor Group during the second quarter valued at $130,000. FMR LLC grew its stake in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after buying an additional 2,248 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Endeavor Group in the 2nd quarter worth about $226,000. 71.37% of the stock is owned by institutional investors.

Endeavor Group Trading Up 0.5 %

EDR opened at $30.34 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 stock’s 50 day moving average price is $29.05 and its 200-day moving average price is $27.83. Endeavor Group Holdings, Inc. has a one year low of $22.64 and a one year high of $30.42. The stock has a market cap of $20.76 billion, a price-to-earnings ratio of -14.80 and a beta of 0.77.

Wall Street Analyst Weigh In

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

Insider Activity at Endeavor Group

In other news, CEO Ariel Emanuel sold 149,280 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $51,458,040.70. The trade was a 7.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 225,272 shares of company stock worth $6,372,925 in the last quarter. 63.90% of the stock is owned by company insiders.

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.