Deutsche Bank AG Cuts Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Deutsche Bank AG trimmed its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 71.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 307,016 shares of the company’s stock after selling 758,438 shares during the period. Deutsche Bank AG’s holdings in Endeavor Group were worth $9,607,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Barclays PLC raised 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 worth $9,087,000 after purchasing an additional 312,238 shares during the last quarter. Blue Trust Inc. raised its holdings in Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after purchasing an additional 1,469 shares during the last quarter. KBC Group NV raised its holdings in Endeavor Group by 65.3% during the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after purchasing an additional 2,842 shares during the last quarter. R Squared Ltd acquired a new position in Endeavor Group during the fourth quarter worth $943,000. Finally, Vest Financial LLC raised its holdings in 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 last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Seth D. Krauss sold 13,280 shares of Endeavor Group stock in a transaction 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 completion of the sale, the chief accounting officer now owns 101,116 shares of the company’s stock, valued at $3,036,513.48. The trade was a 11.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Canada Pension Plan Investment sold 21,038,712 shares of Endeavor Group stock in a transaction on Monday, March 24th. The shares were sold at an average price of $27.50, for a total value of $578,564,580.00. The disclosure for this sale can be found here. Insiders sold a total of 21,176,517 shares of company stock valued at $582,701,109 over the last quarter. Company insiders own 63.90% of the company’s stock.

Endeavor Group Stock Performance

NYSE EDR opened at $30.05 on Friday. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of -14.66 and a beta of 0.72. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $35.99. The business has a fifty day moving average of $29.87 and a 200-day moving average of $30.35.

Wall Street Analysts Forecast Growth

EDR has been the subject of a number of analyst reports. StockNews.com initiated coverage on Endeavor Group in a report on Monday, May 12th. They issued a “sell” rating for the company. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th.

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.