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

Equities researchers at StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Endeavor Group Trading Up 0.5 %

EDR opened at $28.98 on Friday. The firm has a market capitalization of $19.83 billion, a PE ratio of -14.14 and a beta of 0.77. The company’s 50-day moving average is $28.72 and its 200 day moving average is $27.65. Endeavor Group has a fifty-two week low of $22.64 and a fifty-two week high of $29.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.62.

Insider Buying and Selling at Endeavor Group

In other news, CEO Ariel Emanuel sold 48,176 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. The trade was a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 225,272 shares of company stock worth $6,372,925 over the last three months. 63.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Longfellow Investment Management Co. LLC bought a new stake in shares of Endeavor Group during the second quarter valued at approximately $75,000. DekaBank Deutsche Girozentrale bought a new position in shares of Endeavor Group during the first quarter valued at $102,000. SG Americas Securities LLC bought a new stake in Endeavor Group in the 2nd quarter worth about $130,000. FMR LLC raised its position in Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after buying an additional 2,248 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in Endeavor Group during the 2nd quarter valued at about $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.