Endeavor Group (NYSE:EDR) Reaches New 52-Week High – Here’s What Happened

Endeavor Group Holdings, Inc. (NYSE:EDR) shares hit a new 52-week high during trading on Friday . The company traded as high as $30.48 and last traded at $30.32, with a volume of 52750 shares. The stock had previously closed at $30.34.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Endeavor Group in a report on Saturday, November 23rd. They issued a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Endeavor Group currently has an average rating of “Hold” and an average price target of $27.86.

Endeavor Group Trading Up 0.1 %

The firm has a fifty day moving average price of $29.15 and a 200-day moving average price of $27.87. The company has a market capitalization of $20.78 billion, a P/E ratio of -14.81 and a beta of 0.77. 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 Transactions at Endeavor Group

In related news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total value of $1,399,031.04. Following the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. The trade was a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 225,272 shares of company stock worth $6,372,925 in the last ninety days. Company insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in Endeavor Group by 8.8% in the 1st quarter. California State Teachers Retirement System now owns 162,293 shares of the company’s stock worth $4,176,000 after acquiring an additional 13,120 shares during the last quarter. Comerica Bank raised its position in shares of Endeavor Group by 11.7% in the first quarter. Comerica Bank now owns 17,529 shares of the company’s stock valued at $451,000 after purchasing an additional 1,832 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Endeavor Group during the 1st quarter valued at approximately $102,000. SG Americas Securities LLC purchased a new position in Endeavor Group in the 2nd quarter valued at approximately $130,000. Finally, Mirador Capital Partners LP raised its holdings in Endeavor Group by 11.2% during the 2nd quarter. Mirador Capital Partners LP now owns 24,610 shares of the company’s stock valued at $665,000 after acquiring an additional 2,485 shares during the period. 71.37% of the stock is currently owned by institutional investors.

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.