Endeavor Group (NYSE:EDR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a report released on Sunday. The brokerage issued a hold rating on the stock.

Endeavor Group Stock Performance

Shares of EDR opened at $30.37 on Friday. The company’s 50 day moving average price is $29.15 and its 200 day moving average price is $27.88. Endeavor Group has a 52 week low of $22.64 and a 52 week high of $30.57. The company has a market capitalization of $20.78 billion, a PE ratio of -14.81 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Insider Activity at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. The trade was a 7.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 225,272 shares of company stock valued at $6,372,925. Corporate insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

Several large investors have recently added to or reduced their stakes in EDR. Longfellow Investment Management Co. LLC bought a new stake in Endeavor Group in the second quarter worth approximately $75,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Endeavor Group during the 1st quarter worth $102,000. SG Americas Securities LLC bought a new stake in shares of Endeavor Group during the 2nd quarter worth $130,000. FMR LLC boosted its holdings in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after buying an additional 2,248 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of Endeavor Group during the 2nd quarter worth $226,000. 71.37% of the stock is 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.