Nomura Holdings Inc. Cuts Stock Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Nomura Holdings Inc. trimmed its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 57.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 192,306 shares of the company’s stock after selling 257,694 shares during the quarter. Nomura Holdings Inc.’s holdings in Endeavor Group were worth $6,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Guggenheim Capital LLC raised its position in shares of Endeavor Group by 2.0% during the 4th quarter. Guggenheim Capital LLC now owns 15,276 shares of the company’s stock worth $478,000 after purchasing an additional 304 shares during the last quarter. Fifth Lane Capital LP increased its stake in Endeavor Group by 0.3% during the 4th quarter. Fifth Lane Capital LP now owns 110,364 shares of the company’s stock worth $3,453,000 after buying an additional 364 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Endeavor Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock valued at $285,000 after acquiring an additional 447 shares during the last quarter. Invesco Ltd. lifted its position in shares of Endeavor Group by 5.3% in the fourth quarter. Invesco Ltd. now owns 10,044 shares of the company’s stock valued at $314,000 after acquiring an additional 505 shares in the last quarter. Finally, Mirador Capital Partners LP lifted its position in shares of Endeavor Group by 3.0% in the fourth quarter. Mirador Capital Partners LP now owns 27,057 shares of the company’s stock valued at $847,000 after acquiring an additional 792 shares in the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Endeavor Group Trading Up 4.2%

EDR opened at $30.05 on Friday. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of -14.66 and a beta of 0.72. The company’s 50 day simple moving average is $29.84 and its two-hundred day simple moving average is $30.35. Endeavor Group Holdings, Inc. has a 1-year low of $26.62 and a 1-year high of $35.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Insider Activity at Endeavor Group

In other Endeavor Group news, CAO Seth D. Krauss sold 13,280 shares of the firm’s 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark S. Shapiro sold 74,525 shares of Endeavor Group stock in a transaction on Monday, February 24th. The stock was sold at an average price of $30.04, for a total value of $2,238,731.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,176,517 shares of company stock valued at $582,701,109. 63.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on EDR. StockNews.com started coverage on Endeavor Group in a research note on Monday. They issued a “sell” rating for the company. Seaport Res Ptn cut shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th.

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.