Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. lowered its stake in Endeavor Group Holdings, Inc. (NYSE:EDR) by 57.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,306 shares of the company’s stock after selling 257,694 shares during the period. Nomura Holdings Inc.’s holdings in Endeavor Group were worth $6,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EDR. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Endeavor Group by 37.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,240 shares of the company’s stock worth $1,760,000 after acquiring an additional 15,451 shares during the last quarter. Portfolio Design Labs LLC increased its holdings in shares of Endeavor Group by 42.7% in the fourth quarter. Portfolio Design Labs LLC now owns 139,243 shares of the company’s stock valued at $4,357,000 after purchasing an additional 41,665 shares during the period. Swiss National Bank raised its stake in shares of Endeavor Group by 11.1% in the fourth quarter. Swiss National Bank now owns 393,600 shares of the company’s stock worth $12,316,000 after purchasing an additional 39,200 shares during the last quarter. Vest Financial LLC lifted its holdings in shares of Endeavor Group by 46.5% during the fourth quarter. Vest Financial LLC now owns 78,831 shares of the company’s stock worth $2,467,000 after purchasing an additional 25,020 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Endeavor Group during the fourth quarter worth about $1,865,000. 74.99% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Stock Performance

Shares of EDR stock opened at $30.05 on Friday. Endeavor Group Holdings, Inc. has a 52-week low of $26.62 and a 52-week high of $35.99. 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 stock has a market cap of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. The business has a 50-day simple moving average of $29.84 and a 200-day simple moving average of $30.35.

Insider Activity at Endeavor Group

In other Endeavor Group news, insider Mark S. Shapiro sold 74,525 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $30.04, for a total value of $2,238,731.00. Following the completion of the transaction, the insider now owns 221,777 shares in the company, valued at approximately $6,662,181.08. This represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Seth D. Krauss sold 13,280 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $30.03, for a total transaction of $398,798.40. Following the sale, the chief accounting officer now directly owns 101,116 shares in the company, valued at approximately $3,036,513.48. The trade was a 11.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,176,517 shares of company stock worth $582,701,109. 63.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Seaport Res Ptn downgraded shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com began coverage on shares of Endeavor Group in a research note on Monday. They issued a “sell” rating on the stock.

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.