Endeavor Group (NYSE:EDR) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR) in a note issued to investors on Wednesday. The firm set a “sell” rating on the stock.

Separately, Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.50.

Endeavor Group Stock Up 4.2 %

EDR stock opened at $30.05 on Wednesday. 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 firm has a market cap of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. Endeavor Group has a 1 year low of $25.07 and a 1 year high of $35.99. The company has a fifty day simple moving average of $30.67 and a 200 day simple moving average of $30.07.

Insider Transactions at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 108,476 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were bought at an average cost of $144.13 per share, with a total value of $15,634,645.88. Following the transaction, the insider now directly owns 915,852 shares in the company, valued at approximately $132,001,748.76. This represents a 13.44 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Canada Pension Plan Investment sold 21,038,712 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $27.50, for a total value of $578,564,580.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,212,077 shares of company stock worth $191,824,043 and have sold 21,185,617 shares worth $582,983,444. 63.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Endeavor Group

A number of hedge funds have recently bought and sold shares of EDR. FMR LLC raised its position in shares of Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after buying an additional 2,248 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Endeavor Group by 2.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock valued at $1,165,000 after acquiring an additional 1,066 shares during the period. Walleye Capital LLC raised its holdings in Endeavor Group by 24.0% in the 3rd quarter. Walleye Capital LLC now owns 80,578 shares of the company’s stock valued at $2,301,000 after acquiring an additional 15,578 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Endeavor Group by 13.0% in the 3rd quarter. Janus Henderson Group PLC now owns 86,339 shares of the company’s stock worth $2,466,000 after acquiring an additional 9,928 shares during the period. Finally, Polar Asset Management Partners Inc. grew its holdings in shares of Endeavor Group by 300.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock worth $57,120,000 after purchasing an additional 1,500,000 shares in the last quarter. 74.99% 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.