Endeavor Group (NYSE:EDR) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $28.99 on Friday. The company has a market cap of $20.09 billion, a P/E ratio of 52.71 and a beta of 0.78. The business has a fifty day simple moving average of $27.68 and a 200-day simple moving average of $27.00. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $29.14. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. Equities research analysts forecast that Endeavor Group will post 1.4 EPS for the current year.

Insider Activity

In related news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,458,040.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,928 shares of company stock valued at $5,542,191 in the last ninety days. Company insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

Institutional investors have recently added to or reduced their stakes in the business. Pentwater Capital Management LP boosted its position in shares of Endeavor Group by 457.0% in the second quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after buying an additional 10,830,000 shares during the period. Davidson Kempner Capital Management LP acquired a new position in Endeavor Group during the 2nd quarter worth approximately $205,038,000. Mubadala Investment Co PJSC purchased a new position in Endeavor Group in the 4th quarter worth approximately $52,983,000. Glazer Capital LLC acquired a new stake in Endeavor Group in the second quarter valued at approximately $49,017,000. Finally, Water Island Capital LLC purchased a new stake in shares of Endeavor Group during the second quarter valued at approximately $28,497,000. 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.