Endeavor Group Holdings, Inc. (NYSE:EDR) Position Lessened by Wolverine Asset Management LLC

Wolverine Asset Management LLC trimmed its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 98.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,174 shares of the company’s stock after selling 64,679 shares during the period. Wolverine Asset Management LLC’s holdings in Endeavor Group were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after acquiring an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Endeavor Group during the fourth quarter valued at about $96,000. FMR LLC raised its holdings in Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after buying an additional 2,248 shares in the last quarter. KBC Group NV raised its holdings in Endeavor Group by 65.3% during the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after buying an additional 2,842 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in Endeavor Group during the fourth quarter valued at about $233,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Patrick Whitesell bought 263,200 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, the insider now directly owns 418,587 shares in the company, valued at $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William K. Fullerton sold 2,225 shares of Endeavor Group stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the sale, the chief accounting officer now directly owns 53,124 shares in the company, valued at approximately $1,624,531.92. This trade represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,535,485 shares of company stock valued at $239,160,243. 63.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on EDR. Seaport Res Ptn lowered Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.86.

Endeavor Group Trading Down 2.4 %

Shares of NYSE:EDR opened at $30.01 on Tuesday. The company has a market cap of $20.53 billion, a P/E ratio of -14.64 and a beta of 0.74. The stock’s 50-day moving average is $31.38 and its 200-day moving average is $29.69. Endeavor Group Holdings, Inc. has a 52-week low of $23.14 and a 52-week high of $35.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group’s dividend payout ratio is currently -11.71%.

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.