Endeavor Group (NYSE:EDR) Earns Sell Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued to investors on Sunday. 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.

Endeavor Group Trading Up 4.2 %

Shares of NYSE:EDR opened at $30.05 on Friday. Endeavor Group has a 12-month low of $26.39 and a 12-month high of $35.99. The business has a 50 day moving average of $29.77 and a 200-day moving average of $30.30. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72.

Insider Transactions at Endeavor Group

In related news, insider Canada Pension Plan Investment sold 21,038,712 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell purchased 94,161 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was bought at an average cost of $157.79 per share, with a total value of $14,857,664.19. Following the purchase, the insider now owns 1,780,529 shares of the company’s stock, valued at $280,949,670.91. This represents a 5.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 587,066 shares of company stock valued at $97,977,369 and have sold 21,176,517 shares valued at $582,701,109. Insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EDR. Vanguard Group Inc. boosted its holdings in shares of Endeavor Group by 8.3% in the 4th quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock valued at $475,166,000 after purchasing an additional 1,167,887 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Endeavor Group during the 4th quarter worth $289,205,000. Steadfast Capital Management LP boosted its stake in Endeavor Group by 207.9% in the fourth quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company’s stock valued at $113,948,000 after buying an additional 2,458,800 shares in the last quarter. Irenic Capital Management LP grew its position in Endeavor Group by 63.1% in the fourth quarter. Irenic Capital Management LP now owns 3,051,357 shares of the company’s stock valued at $95,477,000 after acquiring an additional 1,180,333 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Endeavor Group by 15.8% during the fourth quarter. First Trust Advisors LP now owns 2,640,849 shares of the company’s stock worth $82,632,000 after acquiring an additional 360,198 shares in the last quarter. 74.99% of the stock is owned by institutional investors.

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.