Endeavor Group (NYSE:EDR) Stock Rating Lowered by StockNews.com

Endeavor Group (NYSE:EDR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Endeavor Group Price Performance

EDR opened at $34.55 on Monday. The stock’s 50 day simple moving average is $31.00 and its 200 day simple moving average is $29.35. 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 has a 1 year low of $23.14 and a 1 year high of $34.77. The firm has a market cap of $23.64 billion, a price-to-earnings ratio of -16.85 and a beta of 0.74.

Insider Buying and Selling

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 177,861 shares of the company’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the acquisition, the insider now owns 2,188,966 shares in the company, valued at $363,346,466.34. This represents a 8.84 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the sale, the chief accounting officer now owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. This trade represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased a total of 1,301,460 shares of company stock worth $198,504,040 in the last ninety days. 63.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Endeavor Group by 8.3% in the 4th quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock valued at $475,166,000 after purchasing an additional 1,167,887 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Endeavor Group in the 4th quarter valued at approximately $1,295,000. Monimus Capital Management LP purchased a new position in shares of Endeavor Group in the 4th quarter valued at approximately $5,176,000. Atala Financial Inc purchased a new position in shares of Endeavor Group in the 4th quarter valued at approximately $907,000. Finally, Vestcor Inc lifted its stake in shares of Endeavor Group by 11.1% in the 4th quarter. Vestcor Inc now owns 44,441 shares of the company’s stock valued at $1,391,000 after purchasing an additional 4,441 shares during the period. Hedge funds and other institutional investors 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.