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

Research analysts at StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research report issued on Friday. The firm set a “hold” rating on the stock.

Endeavor Group Trading Down 0.0 %

NYSE EDR opened at $28.83 on Friday. The company has a market cap of $19.73 billion, a PE ratio of -14.06 and a beta of 0.77. The company has a current ratio of 0.63, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. Endeavor Group has a 12 month low of $22.64 and a 12 month high of $29.67. The stock has a 50 day moving average of $28.69 and a 200-day moving average of $27.62.

Insider Activity

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was 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 of the company’s stock, valued at $51,458,040.70. This trade represents a 7.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently modified their holdings of EDR. Swiss National Bank increased its position in shares of Endeavor Group by 8.1% in the first quarter. Swiss National Bank now owns 356,000 shares of the company’s stock worth $9,160,000 after purchasing an additional 26,800 shares during the period. Sei Investments Co. acquired a new position in shares of Endeavor Group in the first quarter worth approximately $644,000. Russell Investments Group Ltd. lifted its stake in shares of Endeavor Group by 2.3% in the first quarter. Russell Investments Group Ltd. now owns 264,532 shares of the company’s stock worth $6,806,000 after acquiring an additional 5,933 shares during the period. Vanguard Group Inc. lifted its stake in Endeavor Group by 1.6% in 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. Finally, Covestor Ltd lifted its stake in Endeavor Group by 3,665.7% in the first quarter. Covestor Ltd now owns 75,540 shares of the company’s stock valued at $1,944,000 after buying an additional 73,534 shares during the period. Institutional investors and hedge funds own 71.37% 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.