Bardin Hill Management Partners LP Reduces Stake in Endeavor Group Holdings, Inc. (NYSE:EDR)

Bardin Hill Management Partners LP reduced its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 93.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,617 shares of the company’s stock after selling 628,272 shares during the period. Endeavor Group makes up about 0.6% of Bardin Hill Management Partners LP’s investment portfolio, making the stock its 26th biggest position. Bardin Hill Management Partners LP’s holdings in Endeavor Group were worth $1,303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Longfellow Investment Management Co. LLC purchased a new position in Endeavor Group during the second quarter valued at $75,000. DekaBank Deutsche Girozentrale purchased a new position in Endeavor Group during the first quarter valued at $102,000. SG Americas Securities LLC purchased a new position in Endeavor Group during the second quarter valued at $130,000. FMR LLC lifted its position 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 purchasing an additional 2,248 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Endeavor Group during the second quarter valued at $226,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Endeavor Group

In other 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 sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $51,458,040.70. The trade was a 7.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 225,272 shares of company stock valued at $6,372,925 over the last ninety days. 63.90% of the stock is currently owned by company insiders.

Endeavor Group Price Performance

NYSE:EDR opened at $30.37 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $29.15 and its two-hundred day simple moving average is $27.88. The stock has a market cap of $20.78 billion, a PE ratio of -14.81 and a beta of 0.77. Endeavor Group Holdings, Inc. has a 52 week low of $22.64 and a 52 week high of $30.57.

Wall Street Analysts Forecast Growth

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

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.