Endeavor Group (NYSE:EDR) Rating Increased to Hold at StockNews.com

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

Endeavor Group Price Performance

NYSE:EDR opened at $30.35 on Monday. 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 business’s 50-day moving average price is $30.29 and its 200 day moving average price is $28.77. Endeavor Group has a 52-week low of $22.77 and a 52-week high of $31.49. The firm has a market cap of $20.76 billion, a P/E ratio of -14.80 and a beta of 0.74.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.06 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. Endeavor Group’s payout ratio is currently -11.71%.

Insider Buying and Selling

In other Endeavor Group news, CAO William K. Fullerton sold 6,875 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the transaction, the chief accounting officer now directly owns 53,255 shares in the company, valued at $1,659,958.35. This trade represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell purchased 60,208 shares of the business’s stock in a transaction dated 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 acquisition, the insider now directly owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 63.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EDR. FNY Investment Advisers LLC purchased a new position in Endeavor Group during the fourth quarter valued at approximately $96,000. Everence Capital Management Inc. purchased a new position in shares of Endeavor Group during the 4th quarter valued at $233,000. Tidal Investments LLC increased its stake in shares of Endeavor Group by 7.9% in 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. Virtu Financial LLC purchased a new stake in shares of Endeavor Group during the third quarter worth $602,000. Finally, Geode Capital Management LLC boosted its position in Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after purchasing an additional 79,212 shares during the last quarter. Institutional investors and hedge funds own 74.99% 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.