StockNews.com Begins Coverage on Endeavor Group (NYSE:EDR)

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

Endeavor Group Stock Performance

Shares of EDR stock opened at $29.44 on Tuesday. The stock has a 50-day moving average of $28.11 and a 200-day moving average of $27.30. The stock has a market cap of $20.40 billion, a PE ratio of 53.53 and a beta of 0.78. Endeavor Group has a one year low of $17.65 and a one year high of $29.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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. As a group, sell-side analysts expect that Endeavor Group will post 1.4 earnings per share for the current year.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of Endeavor Group 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ariel Emanuel sold 27,816 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,551,501.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 246,104 shares of company stock worth $6,941,222 over the last ninety days. Insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Longfellow Investment Management Co. LLC bought a new position in shares of Endeavor Group in the second quarter valued at approximately $75,000. PNC Financial Services Group Inc. grew its position in shares of Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after acquiring an additional 399 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Endeavor Group during the 1st quarter worth approximately $102,000. SG Americas Securities LLC bought a new stake in shares of Endeavor Group in the 2nd quarter worth approximately $130,000. Finally, CIBC Asset Management Inc purchased a new position in Endeavor Group in the second quarter valued at approximately $226,000. 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.