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

Equities researchers at StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

Endeavor Group Trading Up 0.1 %

Shares of NYSE:EDR opened at $30.37 on Friday. Endeavor Group has a fifty-two week low of $22.64 and a fifty-two week high of $30.57. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market cap of $20.78 billion, a PE ratio of -14.81 and a beta of 0.77. The company’s 50-day moving average price is $29.15 and its 200 day moving average price is $27.87.

Insider Buying and Selling

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $51,458,040.70. This trade represents a 7.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 225,272 shares of company stock valued at $6,372,925 in the last three months. 63.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Longfellow Investment Management Co. LLC bought a new stake in Endeavor Group in the second quarter worth about $75,000. DekaBank Deutsche Girozentrale bought a new stake in Endeavor Group during the first quarter worth approximately $102,000. SG Americas Securities LLC bought a new position in shares of Endeavor Group in the second quarter valued at $130,000. FMR LLC lifted its position in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after acquiring an additional 2,248 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Endeavor Group during the 2nd quarter worth $226,000. 71.37% of the stock is currently owned by institutional investors.

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.