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

Equities research analysts at StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued to investors on Thursday. The firm set a “sell” rating on the stock.

Separately, Seaport Res Ptn downgraded shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th.

Endeavor Group Trading Up 4.2 %

Shares of EDR opened at $30.05 on Thursday. Endeavor Group has a 12-month low of $26.29 and a 12-month high of $35.99. The firm has a market capitalization of $20.62 billion, a P/E ratio of -14.66 and a beta of 0.72. The firm has a 50-day moving average price of $30.51 and a 200 day moving average price of $30.19. 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 Buying and Selling

In other Endeavor Group news, CAO Seth D. Krauss sold 13,280 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $30.03, for a total transaction of $398,798.40. Following the transaction, the chief accounting officer now directly owns 101,116 shares in the company, valued at $3,036,513.48. This represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William K. Fullerton sold 2,225 shares of Endeavor Group stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total value of $68,040.50. Following the completion of the sale, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at $1,624,531.92. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 1,212,077 shares of company stock valued at $191,824,043 and sold 21,178,742 shares valued at $582,769,150. Corporate insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EDR. FMR LLC raised its holdings in Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after acquiring an additional 2,248 shares in the last quarter. Janus Henderson Group PLC lifted its position in Endeavor Group by 13.0% during the 3rd quarter. Janus Henderson Group PLC now owns 86,339 shares of the company’s stock worth $2,466,000 after acquiring an additional 9,928 shares during the period. Barclays PLC increased its stake in Endeavor Group by 5,247.7% in the 3rd quarter. Barclays PLC now owns 318,188 shares of the company’s stock valued at $9,087,000 after buying an additional 312,238 shares during the period. Geode Capital Management LLC lifted its position in Endeavor Group by 4.0% in 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 period. Finally, Virtu Financial LLC acquired a new stake in Endeavor Group in the third quarter valued at $602,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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.