Endeavor Group (NYSE:EDR) Coverage Initiated at StockNews.com

Research analysts at StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

Endeavor Group Stock Performance

Shares of Endeavor Group stock opened at $30.48 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $20.85 billion, a price-to-earnings ratio of -14.81 and a beta of 0.77. Endeavor Group has a one year low of $22.64 and a one year high of $30.59. The stock’s 50-day moving average is $29.15 and its 200-day moving average is $27.89.

Insider Transactions at Endeavor Group

In related news, CEO Ariel Emanuel sold 27,816 shares of Endeavor Group stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $51,293,228.47. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 225,272 shares of company stock valued at $6,372,925 in the last ninety days. 63.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently made changes to their positions in EDR. Tidal Investments LLC lifted its stake in Endeavor Group by 7.9% in the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after acquiring an additional 620 shares during the last quarter. Arizona State Retirement System lifted its stake in Endeavor Group by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock valued at $1,364,000 after purchasing an additional 898 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Endeavor Group by 2.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,066 shares during the period. The Manufacturers Life Insurance Company increased its position in Endeavor Group by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after buying an additional 1,346 shares during the last quarter. Finally, Mirador Capital Partners LP raised its stake in Endeavor Group by 6.7% in the third quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after buying an additional 1,655 shares during the period. 71.37% of the stock is owned by institutional investors.

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.