Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,648 shares of the company’s stock after buying an additional 891 shares during the period. The Manufacturers Life Insurance Company’s holdings in Endeavor Group were worth $490,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in EDR. Vanguard Group Inc. increased its position in Endeavor Group by 8.3% during the fourth quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock worth $475,166,000 after buying an additional 1,167,887 shares during the period. First Trust Advisors LP increased its position in Endeavor Group by 15.8% during the fourth quarter. First Trust Advisors LP now owns 2,640,849 shares of the company’s stock worth $82,632,000 after buying an additional 360,198 shares during the period. Barclays PLC increased its position in Endeavor Group by 5,247.7% during the third quarter. Barclays PLC now owns 318,188 shares of the company’s stock worth $9,087,000 after buying an additional 312,238 shares during the period. Cigogne Management SA acquired a new position in shares of Endeavor Group in the fourth quarter valued at approximately $8,448,000. Finally, Credit Industriel ET Commercial acquired a new position in shares of Endeavor Group in the fourth quarter valued at approximately $8,426,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Endeavor Group Trading Up 4.2%

NYSE:EDR opened at $30.05 on Friday. The firm has a market cap of $20.62 billion, a P/E ratio of -14.66 and a beta of 0.72. 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’s 50 day simple moving average is $29.87 and its 200-day simple moving average is $30.35. Endeavor Group Holdings, Inc. has a 12-month low of $26.62 and a 12-month high of $35.99.

Insider Activity

In related news, CAO Seth D. Krauss sold 13,280 shares of Endeavor Group 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 sale, the chief accounting officer now directly owns 101,116 shares in the company, valued at $3,036,513.48. The trade was a 11.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark S. Shapiro sold 74,525 shares of Endeavor Group stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $30.04, for a total value of $2,238,731.00. Following the completion of the sale, the insider now owns 221,777 shares in the company, valued at approximately $6,662,181.08. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,176,517 shares of company stock valued at $582,701,109. Company insiders own 63.90% of the company’s stock.

Wall Street Analysts Forecast Growth

EDR has been the topic of a number of recent research reports. Seaport Res Ptn lowered Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com initiated coverage on Endeavor Group in a report on Monday, May 12th. They issued a “sell” rating on the stock.

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.