Victory Capital Management Inc. Sells 45,599 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Victory Capital Management Inc. trimmed its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 65.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,494 shares of the company’s stock after selling 45,599 shares during the quarter. Victory Capital Management Inc.’s holdings in Endeavor Group were worth $700,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC bought a new stake in shares of Endeavor Group in the second quarter valued at about $75,000. DekaBank Deutsche Girozentrale bought a new stake in Endeavor Group in the 1st quarter valued at approximately $102,000. SG Americas Securities LLC acquired a new position in Endeavor Group during the 2nd quarter worth approximately $130,000. CIBC Asset Management Inc bought a new position in shares of Endeavor Group during the 2nd quarter worth approximately $226,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Endeavor Group in the second quarter valued at approximately $255,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Trading Up 0.5 %

NYSE EDR opened at $30.34 on Friday. Endeavor Group Holdings, Inc. has a 12 month low of $22.64 and a 12 month high of $30.42. 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 stock has a 50 day moving average of $29.05 and a 200-day moving average of $27.83. The company has a market cap of $20.76 billion, a PE ratio of -14.80 and a beta of 0.77.

Insiders Place Their Bets

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. The trade was a 7.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Endeavor Group in a report on Saturday, November 23rd. They set a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.86.

About Endeavor Group

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.