Endeavor Group (NYSE:EDR) Now Covered by StockNews.com

Equities researchers at StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued on Monday. The brokerage set a “sell” rating on the stock.

Endeavor Group Price Performance

Shares of NYSE EDR opened at $30.45 on Monday. The stock has a market cap of $20.83 billion, a price-to-earnings ratio of -14.85 and a beta of 0.76. Endeavor Group has a 52 week low of $22.64 and a 52 week high of $30.60. The company’s 50-day moving average price is $29.45 and its 200 day moving average price is $28.07. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Insider Activity at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 27,816 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,293,228.47. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 225,272 shares of company stock valued at $6,372,925. Insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Several hedge funds have recently modified their holdings of EDR. Comerica Bank boosted its stake in shares of Endeavor Group by 11.7% during the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock worth $451,000 after purchasing an additional 1,832 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Endeavor Group during the 2nd quarter worth about $130,000. &PARTNERS lifted its holdings in shares of Endeavor Group by 3,331.5% during the 2nd quarter. &PARTNERS now owns 29,854 shares of the company’s stock worth $807,000 after acquiring an additional 28,984 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Endeavor Group by 28.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,723 shares of the company’s stock worth $1,074,000 after acquiring an additional 8,859 shares during the period. Finally, Picton Mahoney Asset Management purchased a new position in shares of Endeavor Group during the 2nd quarter worth about $2,703,000. 71.37% of the stock is owned by institutional investors and hedge funds.

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.