StockNews.com Initiates Coverage on Endeavor Group (NYSE:EDR)

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

Endeavor Group Stock Up 0.4 %

Shares of NYSE EDR opened at $29.26 on Wednesday. The company has a 50 day simple moving average of $28.30 and a 200 day simple moving average of $27.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Endeavor Group has a 1 year low of $22.59 and a 1 year high of $29.54. The firm has a market cap of $20.02 billion, a PE ratio of -20.32 and a beta of 0.78.

Endeavor Group (NYSE:EDR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.06). Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.87 billion. On average, research analysts forecast that Endeavor Group will post 1.4 EPS for the current year.

Insider Buying and Selling at Endeavor Group

In related news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction on Tuesday, October 8th. The shares were 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 $53,179,412.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is currently owned by company insiders.

Institutional Trading of Endeavor Group

A number of institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in shares of Endeavor Group by 14.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after purchasing an additional 399 shares during the period. Swiss National Bank boosted its holdings in shares of Endeavor Group by 8.1% during the 1st quarter. Swiss National Bank now owns 356,000 shares of the company’s stock worth $9,160,000 after buying an additional 26,800 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of Endeavor Group during the 1st quarter worth approximately $644,000. Russell Investments Group Ltd. increased its stake in shares of Endeavor Group by 2.3% in the 1st quarter. Russell Investments Group Ltd. now owns 264,532 shares of the company’s stock valued at $6,806,000 after acquiring an additional 5,933 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Endeavor Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 13,683,577 shares of the company’s stock valued at $352,078,000 after acquiring an additional 219,384 shares during the period. 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.