Endeavor Group (NYSE:EDR) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Endeavor Group (NYSE:EDR) from a sell rating to a hold rating in a report released on Friday.

Endeavor Group Stock Up 0.4 %

Shares of NYSE:EDR opened at $31.34 on Friday. The firm has a market capitalization of $21.44 billion, a PE ratio of -15.29 and a beta of 0.76. The business has a 50 day simple moving average of $29.94 and a two-hundred day simple moving average of $28.44. Endeavor Group has a 1 year low of $22.75 and a 1 year high of $31.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Insider Transactions at Endeavor Group

In other news, major shareholder Patrick Whitesell bought 263,200 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the transaction, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ariel Emanuel sold 48,176 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total value of $1,399,031.04. Following the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $53,179,412.88. This represents a 2.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Longfellow Investment Management Co. LLC acquired a new position in shares of Endeavor Group during the second quarter worth $75,000. FMR LLC increased its position in 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 buying an additional 2,248 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Endeavor Group in the second quarter valued at about $226,000. Tidal Investments LLC grew its stake in shares of Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after acquiring an additional 620 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in shares of Endeavor Group during the second quarter valued at about $255,000. 74.99% of the stock is 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.