Virtu Financial LLC Sells 10,935 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Virtu Financial LLC cut its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 51.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 SEC filing.

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

Insider Buying and Selling

In other Endeavor Group news, CAO William K. Fullerton sold 6,875 shares of Endeavor Group stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the transaction, the chief accounting officer now directly owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. The trade was a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Canada Pension Plan Investment sold 21,038,712 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $27.50, for a total transaction of $578,564,580.00. The disclosure for this sale can be found here. In the last quarter, insiders have bought 1,212,077 shares of company stock worth $191,824,043 and have sold 21,185,617 shares worth $582,983,444. 63.90% of the stock is currently owned by company insiders.

Endeavor Group Stock Up 4.2 %

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

Endeavor Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.