Endeavor Group (NYSE:EDR) Stock Rating Lowered by StockNews.com

Endeavor Group (NYSE:EDR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Endeavor Group Stock Down 0.2 %

EDR stock opened at $31.20 on Friday. Endeavor Group has a one year low of $22.75 and a one year high of $31.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The company has a fifty day moving average of $30.15 and a 200-day moving average of $28.59. The stock has a market capitalization of $21.35 billion, a PE ratio of -15.22 and a beta of 0.76.

Insider Activity

In related news, CEO Ariel Emanuel sold 48,176 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total value of $1,399,031.04. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. This trade represents a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell bought 60,208 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the transaction, the insider now owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. Insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Longfellow Investment Management Co. LLC acquired a new stake in Endeavor Group in the 2nd quarter valued at about $75,000. FMR LLC grew its position in shares of Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Endeavor Group during the 2nd quarter worth approximately $226,000. Everence Capital Management Inc. acquired a new position in shares of Endeavor Group during the 4th quarter worth approximately $233,000. Finally, Tidal Investments LLC lifted its stake in Endeavor Group by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after buying an additional 620 shares in the last quarter. Institutional investors and hedge funds own 74.99% 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.