Picton Mahoney Asset Management Has $19.54 Million Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Picton Mahoney Asset Management lowered its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 21.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 624,500 shares of the company’s stock after selling 175,000 shares during the period. Picton Mahoney Asset Management owned 0.09% of Endeavor Group worth $19,541,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Endeavor Group by 176.1% in the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after purchasing an additional 1,469 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Endeavor Group in the 4th quarter worth approximately $96,000. FMR LLC lifted its position in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after purchasing an additional 2,248 shares during the period. KBC Group NV lifted its position in shares of Endeavor Group by 65.3% in the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after purchasing an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in shares of Endeavor Group in the 4th quarter valued at $233,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Insider Buying and Selling at Endeavor Group

In other news, CFO Jason Lublin sold 50,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $29.98, for a total value of $1,499,000.00. Following the completion of the sale, the chief financial officer now owns 219,613 shares in the company, valued at $6,583,997.74. This represents a 18.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Patrick Whitesell bought 117,769 shares of Endeavor Group stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the purchase, the insider now owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. This represents a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 1,475,277 shares of company stock worth $230,506,547 and sold 146,905 shares worth $4,418,864. 63.90% of the stock is currently owned by company insiders.

Endeavor Group Stock Performance

Shares of EDR stock opened at $28.86 on Friday. The firm has a market capitalization of $19.80 billion, a PE ratio of -14.08 and a beta of 0.72. The firm has a fifty day simple moving average of $30.90 and a two-hundred day simple moving average of $29.86. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a 12 month low of $24.41 and a 12 month high of $35.99.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. Endeavor Group’s dividend payout ratio (DPR) is presently -9.02%.

Wall Street Analysts Forecast Growth

EDR has been the subject of several research analyst reports. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Endeavor Group currently 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.