Seth D. Krauss Sells 4,284 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) Stock

Endeavor Group Holdings, Inc. (NYSE:EDR – Get Rating) insider Seth D. Krauss sold 4,284 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of 19.08, for a total value of 81,738.72. Following the completion of the sale, the insider now directly owns 28,880 shares in the company, valued at 551,030.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of EDR opened at 19.61 on Friday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.39 and a current ratio of 1.39. Endeavor Group Holdings, Inc. has a 12 month low of 18.59 and a 12 month high of 35.28. The company has a 50-day moving average price of 27.03 and a two-hundred day moving average price of 29.02.

Endeavor Group (NYSE:EDR – Get Rating) last announced its quarterly earnings results on Wednesday, March 16th. The company reported 0.34 EPS for the quarter, topping analysts’ consensus estimates of 0.17 by 0.17. The firm had revenue of 1.51 billion during the quarter, compared to analysts’ expectations of 1.36 billion. Endeavor Group had a negative net margin of 6.33% and a positive return on equity of 9.36%. Analysts expect that Endeavor Group Holdings, Inc. will post 1.58 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in EDR. Morgan Stanley raised its stake in shares of Endeavor Group by 8,134.3% in the third quarter. Morgan Stanley now owns 9,184,732 shares of the company’s stock valued at $263,326,000 after acquiring an additional 9,073,190 shares during the last quarter. Cantillon Capital Management LLC bought a new position in shares of Endeavor Group in the fourth quarter valued at approximately $119,510,000. Partners Group Holding AG acquired a new stake in shares of Endeavor Group in the fourth quarter valued at approximately $85,519,000. Naya Capital Management UK Ltd. increased its holdings in shares of Endeavor Group by 135.8% in the third quarter. Naya Capital Management UK Ltd. now owns 4,013,979 shares of the company’s stock valued at $115,081,000 after purchasing an additional 2,311,361 shares in the last quarter. Finally, MIC Capital Management UK LLP acquired a new stake in shares of Endeavor Group in the fourth quarter valued at approximately $79,676,000. Hedge funds and other institutional investors own 52.95% of the company’s stock.

EDR has been the topic of several research analyst reports. Barclays lowered their price target on Endeavor Group from $32.00 to $27.00 in a research report on Thursday. StockNews.com raised Endeavor Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 12th. Piper Sandler raised their price target on Endeavor Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, March 17th. Zacks Investment Research raised Endeavor Group from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Thursday, March 3rd. Finally, Citigroup lowered their price target on Endeavor Group from $34.00 to $25.00 in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of 35.07.

Endeavor Group Company Profile (Get Rating)

Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.

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