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

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

Endeavor Group Price Performance

Shares of Endeavor Group stock opened at $29.27 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $27.87 and a 200-day simple moving average of $27.15. The stock has a market capitalization of $20.03 billion, a price-to-earnings ratio of -20.33 and a beta of 0.78. Endeavor Group has a 1-year low of $17.65 and a 1-year high of $29.38.

Endeavor Group (NYSE:EDR) last released its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share 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 firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.87 billion. On average, sell-side analysts expect that Endeavor Group will post 1.4 earnings per share for the current year.

Insider Transactions at Endeavor Group

In other news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the sale, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ariel Emanuel sold 48,176 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $53,179,412.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 246,104 shares of company stock worth $6,941,222 over the last three months. 63.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Longfellow Investment Management Co. LLC acquired a new position in shares of Endeavor Group in the 2nd quarter valued at $75,000. PNC Financial Services Group Inc. raised its position in Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after purchasing an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Endeavor Group during the first quarter worth about $102,000. SG Americas Securities LLC acquired a new stake in Endeavor Group during the second quarter valued at approximately $130,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Endeavor Group in the 2nd quarter valued at approximately $226,000. 71.37% of the stock is owned by 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.