Centiva Capital LP Decreases Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Centiva Capital LP trimmed its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 30.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,000 shares of the company’s stock after selling 150,000 shares during the quarter. Endeavor Group accounts for approximately 0.2% of Centiva Capital LP’s investment portfolio, making the stock its 27th largest position. Centiva Capital LP owned 0.05% of Endeavor Group worth $9,996,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EDR. California State Teachers Retirement System boosted its position in shares of Endeavor Group by 8.8% during the first quarter. California State Teachers Retirement System now owns 162,293 shares of the company’s stock valued at $4,176,000 after buying an additional 13,120 shares during the period. Comerica Bank grew its position in Endeavor Group by 11.7% in the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock valued at $451,000 after acquiring an additional 1,832 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group in the first quarter worth $102,000. SG Americas Securities LLC bought a new stake in shares of Endeavor Group during the second quarter worth $130,000. Finally, Mirador Capital Partners LP boosted its stake in shares of Endeavor Group by 11.2% during the second quarter. Mirador Capital Partners LP now owns 24,610 shares of the company’s stock valued at $665,000 after purchasing an additional 2,485 shares during the period. Institutional investors own 71.37% of the company’s stock.

Endeavor Group Price Performance

NYSE EDR opened at $30.37 on Monday. The company has a market cap of $20.78 billion, a PE ratio of -14.81 and a beta of 0.77. Endeavor Group Holdings, Inc. has a 52-week low of $22.64 and a 52-week high of $30.57. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s 50 day moving average price is $29.15 and its 200-day moving average price is $27.88.

Insider Buying and Selling at Endeavor Group

In related news, CEO Ariel Emanuel sold 27,816 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $28.01, for a total transaction of $779,126.16. Following the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,293,228.47. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, 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 research note on Sunday. They issued a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.