Wolverine Asset Management LLC Sells 37,572 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Wolverine Asset Management LLC cut its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 36.3% in the third quarter, HoldingsChannel reports. The fund owned 65,853 shares of the company’s stock after selling 37,572 shares during the period. Wolverine Asset Management LLC’s holdings in Endeavor Group were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank boosted its position in shares of Endeavor Group by 8.1% in the first quarter. Swiss National Bank now owns 356,000 shares of the company’s stock worth $9,160,000 after purchasing an additional 26,800 shares during the period. Sei Investments Co. purchased a new stake in Endeavor Group in the 1st quarter worth $644,000. Russell Investments Group Ltd. raised its holdings in Endeavor Group by 2.3% during the first quarter. Russell Investments Group Ltd. now owns 264,532 shares of the company’s stock valued at $6,806,000 after acquiring an additional 5,933 shares during the period. Vanguard Group Inc. lifted its position in shares of Endeavor Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 13,683,577 shares of the company’s stock valued at $352,078,000 after acquiring an additional 219,384 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Endeavor Group by 3,665.7% in the first quarter. Covestor Ltd now owns 75,540 shares of the company’s stock worth $1,944,000 after acquiring an additional 73,534 shares during the period. 71.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Endeavor Group

In other news, CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $53,179,412.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 225,272 shares of company stock valued at $6,372,925. Company insiders own 63.90% of the company’s stock.

Endeavor Group Trading Down 0.2 %

Shares of NYSE EDR opened at $28.90 on Tuesday. The company has a market cap of $19.78 billion, a price-to-earnings ratio of -14.10 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 $29.67. The business’s 50 day moving average price is $28.60 and its 200-day moving average price is $27.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. Endeavor Group’s dividend payout ratio is currently -11.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Endeavor Group in a report on Thursday, November 7th. They issued a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.