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

Centiva Capital LP trimmed its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 30.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 350,000 shares of the company’s stock after selling 150,000 shares during the period. Endeavor Group accounts for 0.2% of Centiva Capital LP’s investment portfolio, making the stock its 27th biggest holding. Centiva Capital LP’s holdings in Endeavor Group were worth $9,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC purchased a new position in shares of Endeavor Group in the second quarter worth about $75,000. DekaBank Deutsche Girozentrale acquired a new position in Endeavor Group in the 1st quarter worth approximately $102,000. SG Americas Securities LLC purchased a new position in Endeavor Group during the 2nd quarter worth approximately $130,000. FMR LLC lifted its stake in Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after acquiring an additional 2,248 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in shares of Endeavor Group in the 2nd quarter valued at $226,000. Institutional investors and hedge funds own 71.37% of the company’s stock.

Endeavor Group Stock Performance

EDR opened at $30.37 on Monday. The stock has a market cap of $20.78 billion, a P/E ratio of -14.81 and a beta of 0.77. 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 firm has a fifty day moving average price of $29.15 and a 200 day moving average price of $27.88. Endeavor Group Holdings, Inc. has a 1 year low of $22.64 and a 1 year high of $30.57.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction dated 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 transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,458,040.70. The trade was a 7.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 225,272 shares of company stock worth $6,372,925. Company insiders own 63.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Endeavor Group in a research report on Sunday. They set a “hold” rating for the company. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Endeavor Group has an average rating of “Hold” and an average price target of $27.86.

Endeavor Group Company 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.