Citigroup Inc. Sells 35,000 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Citigroup Inc. cut its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 16.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,973 shares of the company’s stock after selling 35,000 shares during the period. Citigroup Inc.’s holdings in Endeavor Group were worth $5,054,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EDR. Charles Schwab Investment Management Inc. grew its position in shares of Endeavor Group by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock worth $50,804,000 after buying an additional 76,618 shares during the period. Moran Wealth Management LLC acquired a new position in Endeavor Group during the third quarter valued at approximately $2,870,000. Portfolio Design Labs LLC acquired a new position in Endeavor Group during the third quarter valued at approximately $2,787,000. LMR Partners LLP increased its stake in Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Endeavor Group in the third quarter worth $2,001,000. Institutional investors own 71.37% of the company’s stock.

Endeavor Group Stock Up 0.4 %

Endeavor Group stock opened at $30.48 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The company’s 50-day moving average is $29.15 and its 200-day moving average is $27.89. The firm has a market capitalization of $20.85 billion, a PE ratio of -14.81 and a beta of 0.77. Endeavor Group Holdings, Inc. has a fifty-two week low of $22.64 and a fifty-two week high of $30.59.

Insider Buying and Selling at Endeavor Group

In related 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 value of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, 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 filing with the SEC, which is accessible through this link. Insiders have sold a total of 225,272 shares of company stock worth $6,372,925 over the last ninety days. Insiders own 63.90% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Endeavor Group in a report on Sunday. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.86.

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.