Jane Street Group LLC Decreases Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Jane Street Group LLC trimmed its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 43.5% during the third quarter, Holdings Channel reports. The institutional investor owned 63,016 shares of the company’s stock after selling 48,464 shares during the quarter. Jane Street Group LLC’s holdings in Endeavor Group were worth $1,800,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC acquired a new position in Endeavor Group during the 2nd quarter worth approximately $75,000. FMR LLC lifted its position in shares of Endeavor Group by 67.6% during 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 last quarter. CIBC Asset Management Inc acquired a new position in shares of Endeavor Group during the second quarter worth $226,000. ProShare Advisors LLC purchased a new position in Endeavor Group in the second quarter valued at $255,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in Endeavor Group in the second quarter valued at $316,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $53,179,412.88. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the transaction, the insider now directly owns 418,587 shares in the company, valued at $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 63.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Endeavor Group in a research report on Monday, December 9th. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Endeavor Group currently has an average rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Stock Performance

NYSE EDR opened at $31.29 on Thursday. The company has a fifty day moving average of $29.86 and a two-hundred day moving average of $28.39. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. Endeavor Group Holdings, Inc. has a 1 year low of $22.75 and a 1 year high of $31.42. The company has a market capitalization of $21.41 billion, a PE ratio of -15.26 and a beta of 0.76.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Endeavor Group’s dividend payout ratio is presently -11.71%.

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.