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

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a research report released on Tuesday morning. The brokerage issued a hold rating on the stock.

Separately, Piper Sandler cut Endeavor Group from a strong-buy rating to a hold rating in a research note on Monday, May 13th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Endeavor Group currently has a consensus rating of Hold and a consensus target price of $27.86.

Endeavor Group Price Performance

Endeavor Group stock opened at $27.48 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. Endeavor Group has a 52-week low of $17.65 and a 52-week high of $27.62. The firm has a market cap of $19.04 billion, a PE ratio of 49.96 and a beta of 0.78. The company’s 50 day moving average is $27.30 and its two-hundred day moving average is $26.35.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors L.P. raised its holdings in Endeavor Group by 16.8% during the fourth quarter. Natixis Advisors L.P. now owns 837,210 shares of the company’s stock worth $19,866,000 after purchasing an additional 120,258 shares in the last quarter. Levin Capital Strategies L.P. acquired a new stake in Endeavor Group during the 4th quarter worth $475,000. National Bank of Canada FI purchased a new stake in Endeavor Group in the fourth quarter valued at $23,345,000. Charles Schwab Investment Management Inc. boosted its stake in Endeavor Group by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,614,096 shares of the company’s stock valued at $38,302,000 after acquiring an additional 14,846 shares in the last quarter. Finally, AGF Management Ltd. purchased a new position in shares of Endeavor Group during the fourth quarter worth about $2,718,000. 71.37% of the stock is owned by institutional investors and hedge funds.

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.