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

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

Endeavor Group Trading Up 0.1 %

Shares of Endeavor Group stock opened at $30.45 on Monday. The company has a fifty day simple moving average of $29.45 and a 200-day simple moving average of $28.07. Endeavor Group has a 12-month low of $22.64 and a 12-month high of $30.60. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $20.83 billion, a price-to-earnings ratio of -14.85 and a beta of 0.76.

Insider Activity at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. This represents a 7.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 225,272 shares of company stock worth $6,372,925 in the last 90 days. 63.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Endeavor Group

A number of large investors have recently bought and sold shares of the company. Tidal Investments LLC increased its holdings in shares of Endeavor Group by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after purchasing an additional 620 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Endeavor Group in the 3rd quarter valued at about $602,000. Geode Capital Management LLC increased its holdings in shares of Endeavor Group by 4.0% in the 3rd 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 in the last quarter. Barclays PLC increased its holdings in shares of 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 purchasing an additional 312,238 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Endeavor Group by 142.3% in the 3rd quarter. XTX Topco Ltd now owns 90,867 shares of the company’s stock valued at $2,595,000 after purchasing an additional 53,370 shares in the last quarter. Hedge funds and other institutional investors own 71.37% 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.