Virtu Financial LLC Reduces Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Virtu Financial LLC trimmed its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 51.9% in the 4th quarter, Holdings Channel reports. The firm owned 10,128 shares of the company’s stock after selling 10,935 shares during the period. Virtu Financial LLC’s holdings in Endeavor Group were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in Endeavor Group by 176.1% during the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after buying an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Endeavor Group in the fourth quarter worth $96,000. FMR LLC increased its position in Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after acquiring an additional 2,248 shares during the last quarter. KBC Group NV lifted its holdings in Endeavor Group by 65.3% in the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after acquiring an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. purchased a new position in Endeavor Group in the fourth quarter worth about $233,000. Institutional investors own 74.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EDR shares. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.50.

Insider Transactions at Endeavor Group

In related news, CAO Seth D. Krauss sold 13,280 shares of the business’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 value of $398,798.40. Following the transaction, the chief accounting officer now directly owns 101,116 shares of the company’s stock, valued at approximately $3,036,513.48. The trade was a 11.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO William K. Fullerton sold 2,225 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total transaction of $68,040.50. Following the sale, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at approximately $1,624,531.92. This trade represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 1,212,077 shares of company stock valued at $191,824,043 and sold 21,185,617 shares valued at $582,983,444. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Stock Up 4.2 %

EDR stock opened at $30.05 on Friday. The business’s 50-day moving average price is $30.71 and its 200-day moving average price is $29.98. The stock has a market cap of $20.62 billion, a P/E ratio of -14.66 and a beta of 0.72. Endeavor Group Holdings, Inc. has a twelve month low of $25.07 and a twelve month high of $35.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. Endeavor Group’s payout ratio is currently -9.02%.

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.