Marathon Trading Investment Management LLC Cuts Stock Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Marathon Trading Investment Management LLC decreased its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 54.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,716 shares of the company’s stock after selling 48,368 shares during the quarter. Endeavor Group accounts for approximately 0.1% of Marathon Trading Investment Management LLC’s portfolio, making the stock its 29th largest position. Marathon Trading Investment Management LLC’s holdings in Endeavor Group were worth $1,163,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Arizona State Retirement System lifted its position in Endeavor Group by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after buying an additional 898 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Endeavor Group by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after buying an additional 1,346 shares during the last quarter. Mirador Capital Partners LP lifted its position in Endeavor Group by 6.7% in the third quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after purchasing an additional 1,655 shares during the last quarter. Comerica Bank lifted its position in Endeavor Group by 11.7% in the first quarter. Comerica Bank now owns 17,529 shares of the company’s stock valued at $451,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new stake in Endeavor Group in the second quarter valued at approximately $75,000. Institutional investors own 71.37% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Endeavor Group

In related news, CEO Ariel Emanuel sold 27,816 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,293,228.47. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 225,272 shares of company stock worth $6,372,925 over the last quarter. 63.90% of the stock is owned by corporate insiders.

Endeavor Group Trading Up 0.5 %

Shares of Endeavor Group stock opened at $28.98 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 0.63. The business has a 50 day moving average of $28.72 and a 200 day moving average of $27.65. Endeavor Group Holdings, Inc. has a 52 week low of $22.64 and a 52 week high of $29.67.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. Endeavor Group’s dividend payout ratio is presently -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.