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

Research analysts at StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued on Saturday. The brokerage set a “hold” rating on the stock.

Endeavor Group Trading Up 0.8 %

NYSE EDR opened at $29.78 on Friday. The stock has a market cap of $20.37 billion, a P/E ratio of -14.53 and a beta of 0.77. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group has a 12-month low of $22.64 and a 12-month high of $29.90. The company has a fifty day simple moving average of $28.90 and a two-hundred day simple moving average of $27.76.

Insider Activity

In related news, CEO Ariel Emanuel sold 149,280 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,458,040.70. The trade was a 7.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 225,272 shares of company stock valued at $6,372,925 in the last ninety days. Insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC purchased a new stake in shares of Endeavor Group during the second quarter worth approximately $75,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Endeavor Group during the first quarter worth $102,000. SG Americas Securities LLC acquired a new stake in shares of Endeavor Group in the second quarter valued at about $130,000. FMR LLC lifted its stake in shares of Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after buying an additional 2,248 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in Endeavor Group during the second quarter worth about $226,000. Hedge funds and other institutional investors 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.