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

Investment analysts at StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research report issued on Monday. The firm set a “sell” rating on the stock.

Endeavor Group Price Performance

Endeavor Group stock opened at $30.43 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $20.82 billion, a P/E ratio of -14.84 and a beta of 0.76. The business has a 50-day moving average of $29.37 and a 200-day moving average of $28.02. Endeavor Group has a 1 year low of $22.64 and a 1 year high of $30.60.

Insider Transactions at Endeavor Group

In related news, CEO Ariel Emanuel sold 27,816 shares of the business’s stock in a transaction that occurred 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. The trade was a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 225,272 shares of company stock valued at $6,372,925 over the last three months. 63.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Endeavor Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pentwater Capital Management LP lifted its position in shares of Endeavor Group by 457.0% in the second quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after purchasing an additional 10,830,000 shares in the last quarter. Athos Capital Ltd increased its stake in Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after buying an additional 4,447,000 shares during the last quarter. Davidson Kempner Capital Management LP bought a new stake in Endeavor Group during the 2nd quarter worth about $205,038,000. LMR Partners LLP boosted its stake in shares of Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after buying an additional 1,290,867 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after acquiring an additional 79,212 shares in the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

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.