Alliancebernstein L.P. Sells 46,303 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Alliancebernstein L.P. lowered its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 917,802 shares of the company’s stock after selling 46,303 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of Endeavor Group worth $28,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EDR. Vanguard Group Inc. boosted its holdings in shares of Endeavor Group by 8.3% during the 4th quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock worth $475,166,000 after buying an additional 1,167,887 shares during the period. Barclays PLC boosted its holdings in Endeavor Group by 5,247.7% during the third quarter. Barclays PLC now owns 318,188 shares of the company’s stock valued at $9,087,000 after acquiring an additional 312,238 shares during the period. Monimus Capital Management LP acquired a new stake in shares of Endeavor Group in the fourth quarter valued at about $5,176,000. Geode Capital Management LLC increased its stake in shares of Endeavor Group by 4.0% in the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after purchasing an additional 79,212 shares during the period. Finally, Illinois Municipal Retirement Fund bought a new position in shares of Endeavor Group in the fourth quarter worth about $1,865,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Seaport Res Ptn lowered Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com assumed coverage on shares of Endeavor Group in a research note on Wednesday, April 2nd. They issued a “sell” rating on the stock.

Endeavor Group Stock Up 4.2 %

NYSE EDR opened at $30.05 on Monday. The firm has a 50-day simple moving average of $30.63 and a 200 day simple moving average of $30.12. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. Endeavor Group Holdings, Inc. has a twelve month low of $26.29 and a twelve month high of $35.99.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. Endeavor Group’s dividend payout ratio is currently -9.02%.

Insider Activity

In other Endeavor Group news, CAO William K. Fullerton sold 2,225 shares of Endeavor Group stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the sale, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at approximately $1,624,531.92. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Seth D. Krauss sold 13,280 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $30.03, for a total value of $398,798.40. Following the transaction, the chief accounting officer now owns 101,116 shares of the company’s stock, valued at $3,036,513.48. This trade represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 1,212,077 shares of company stock worth $191,824,043 and sold 21,178,742 shares worth $582,769,150. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Company 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.