Endeavor Group (NYSE:EDR) Hits New 12-Month High – Time to Buy?

Endeavor Group Holdings, Inc. (NYSE:EDR)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $30.48 and last traded at $30.32, with a volume of 52750 shares changing hands. The stock had previously closed at $30.34.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a report on Saturday, November 23rd. They issued a “hold” rating for the company. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.86.

Endeavor Group Stock Performance

The stock’s 50 day moving average price is $29.15 and its 200 day moving average price is $27.87. The company has a market capitalization of $20.78 billion, a P/E ratio of -14.81 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Insider Buying and Selling at Endeavor Group

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 stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $51,458,040.70. The trade was a 7.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is currently owned by insiders.

Institutional Trading of Endeavor Group

Hedge funds have recently modified their holdings of the stock. Pentwater Capital Management LP increased its position in Endeavor Group by 457.0% in the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock valued at $356,796,000 after buying an additional 10,830,000 shares in the last quarter. Athos Capital Ltd lifted its holdings in shares of Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after purchasing an additional 4,447,000 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new stake in Endeavor Group in the 2nd quarter valued at $205,038,000. LMR Partners LLP increased its stake in Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after buying an additional 79,212 shares during the last quarter. Institutional investors 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.