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

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

Endeavor Group Stock Up 0.1 %

EDR opened at $29.03 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Endeavor Group has a twelve month low of $22.64 and a twelve month high of $29.67. The business has a 50 day moving average price of $28.48 and a 200 day moving average price of $27.51. The firm has a market cap of $19.87 billion, a P/E ratio of -20.16 and a beta of 0.77.

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 the consensus estimate of $0.46 by ($0.06). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. Research analysts forecast that Endeavor Group will post 1.4 EPS for the current year.

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders sold 225,272 shares of company stock valued at $6,372,925. Company insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

Several hedge funds have recently modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of Endeavor Group during the 2nd quarter worth approximately $75,000. DekaBank Deutsche Girozentrale acquired a new position in Endeavor Group in the first quarter valued at about $102,000. SG Americas Securities LLC acquired a new position in shares of Endeavor Group during the 2nd quarter worth about $130,000. CIBC Asset Management Inc bought a new position in shares of Endeavor Group during the second quarter worth $226,000. Finally, ProShare Advisors LLC bought a new position in shares of Endeavor Group during the 2nd quarter valued at about $255,000. 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.