StockNews.com Initiates Coverage on Endeavor Group (NYSE:EDR)

Analysts at StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Endeavor Group Trading Up 0.9 %

EDR stock opened at $29.83 on Friday. Endeavor Group has a twelve month low of $22.64 and a twelve month high of $29.90. The stock has a market capitalization of $20.41 billion, a price-to-earnings ratio of -14.55 and a beta of 0.77. 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 firm’s fifty day simple moving average is $28.90 and its two-hundred day simple moving average is $27.74.

Insider Transactions at Endeavor Group

In related news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,458,040.70. This trade represents a 7.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

A number of institutional investors have recently modified their holdings of the stock. Sei Investments Co. purchased a new position in Endeavor Group during the 1st quarter worth $644,000. Vanguard Group Inc. increased its stake in shares of Endeavor Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 13,683,577 shares of the company’s stock valued at $352,078,000 after buying an additional 219,384 shares during the period. Gabelli Funds LLC raised its holdings in shares of Endeavor Group by 125.0% in the first quarter. Gabelli Funds LLC now owns 71,899 shares of the company’s stock valued at $1,850,000 after acquiring an additional 39,950 shares in the last quarter. Black Maple Capital Management LP purchased a new stake in Endeavor Group in the first quarter worth about $746,000. Finally, Bwcp LP grew its holdings in Endeavor Group by 12.4% during the 1st quarter. Bwcp LP now owns 538,234 shares of the company’s stock worth $13,849,000 after acquiring an additional 59,182 shares in the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.

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.