Bardin Hill Management Partners LP Sells 628,272 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Bardin Hill Management Partners LP lowered its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 93.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,617 shares of the company’s stock after selling 628,272 shares during the period. Endeavor Group accounts for about 0.6% of Bardin Hill Management Partners LP’s investment portfolio, making the stock its 26th largest holding. Bardin Hill Management Partners LP’s holdings in Endeavor Group were worth $1,303,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System increased its position in Endeavor Group by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock valued at $1,364,000 after buying an additional 898 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Endeavor Group by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock valued at $1,165,000 after buying an additional 1,066 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after buying an additional 1,346 shares in the last quarter. Mirador Capital Partners LP increased its position in Endeavor Group by 6.7% during the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after buying an additional 1,655 shares in the last quarter. Finally, Comerica Bank increased its position in Endeavor Group by 11.7% during the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock valued at $451,000 after buying an additional 1,832 shares in the last quarter. Institutional investors own 71.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Endeavor Group in a research report on Sunday. They set a “hold” rating for the company. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.86.

Insider Buying and Selling at Endeavor Group

In other news, CEO Ariel Emanuel sold 27,816 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,293,228.47. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have sold 225,272 shares of company stock worth $6,372,925. Insiders own 63.90% of the company’s stock.

Endeavor Group Stock Performance

Shares of EDR opened at $30.37 on Monday. The business’s fifty day simple moving average is $29.15 and its two-hundred day simple moving average is $27.88. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a 12 month low of $22.64 and a 12 month high of $30.57. The company has a market cap of $20.78 billion, a price-to-earnings ratio of -14.81 and a beta of 0.77.

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.