Endeavor Group Holdings, Inc. (NYSE:EDR) Shares Sold by Whitefort Capital Management LP

Whitefort Capital Management LP lowered its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 50.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 500,000 shares of the company’s stock after selling 500,000 shares during the period. Endeavor Group makes up 7.5% of Whitefort Capital Management LP’s investment portfolio, making the stock its 7th largest holding. Whitefort Capital Management LP’s holdings in Endeavor Group were worth $15,645,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Kapitalo Investimentos Ltda acquired a new position in Endeavor Group in the fourth quarter worth about $51,000. Blue Trust Inc. raised its holdings 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 buying an additional 1,469 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Endeavor Group during the 4th quarter worth approximately $120,000. KBC Group NV boosted its stake in Endeavor Group by 65.3% in the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after buying an additional 2,842 shares in the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in Endeavor Group in the fourth quarter valued at $278,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Endeavor Group Stock Up 4.2%

NYSE EDR opened at $30.05 on Tuesday. The stock’s 50 day simple moving average is $29.89 and its 200 day simple moving average is $30.37. Endeavor Group Holdings, Inc. has a one year low of $26.62 and a one year high of $35.99. The firm has a market cap of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Analysts Set New Price Targets

A number of brokerages have issued reports on EDR. StockNews.com initiated coverage on Endeavor Group in a report on Tuesday. They set a “sell” rating for the company. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th.

Insiders Place Their Bets

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

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.