StockNews.com Upgrades Endeavor Group (NYSE:EDR) to “Hold”

StockNews.com upgraded shares of Endeavor Group (NYSE:EDR) from a sell rating to a hold rating in a research report sent to investors on Friday.

Endeavor Group Stock Up 0.4 %

Endeavor Group stock opened at $31.34 on Friday. The business’s 50-day simple moving average is $29.94 and its two-hundred day simple moving average is $28.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $21.44 billion, a PE ratio of -15.29 and a beta of 0.76. Endeavor Group has a fifty-two week low of $22.75 and a fifty-two week high of $31.42.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a $0.06 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. Endeavor Group’s dividend payout ratio is presently -11.71%.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total value of $1,399,031.04. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. The trade was a 2.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell bought 263,200 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the acquisition, the insider now owns 418,587 shares of the company’s stock, valued at $61,519,731.39. This trade represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Tidal Investments LLC raised its stake in shares of Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after purchasing an additional 620 shares during the last quarter. Arizona State Retirement System grew its holdings in Endeavor Group by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock valued at $1,364,000 after buying an additional 898 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Endeavor Group by 2.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock valued at $1,165,000 after buying an additional 1,066 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after purchasing an additional 1,346 shares during the period. Finally, Mirador Capital Partners LP grew its holdings in Endeavor Group by 6.7% in the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after buying an additional 1,655 shares during the period. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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.