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

Investment analysts at StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a report released on Tuesday. The brokerage set a “sell” rating on the stock.

Separately, Seaport Res Ptn downgraded shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th.

Endeavor Group Stock Up 4.2%

Shares of NYSE EDR opened at $30.05 on Tuesday. 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 company has a market cap of $20.62 billion, a P/E ratio of -14.66 and a beta of 0.72. Endeavor Group has a 1 year low of $26.62 and a 1 year high of $35.99. The firm has a 50-day simple moving average of $29.89 and a two-hundred day simple moving average of $30.37.

Insiders Place Their Bets

In other news, insider Canada Pension Plan Investment sold 21,038,712 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $27.50, for a total transaction of $578,564,580.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark S. Shapiro sold 74,525 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $30.04, for a total value of $2,238,731.00. Following the sale, the insider now owns 221,777 shares of the company’s stock, valued at approximately $6,662,181.08. This represents a 25.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,176,517 shares of company stock worth $582,701,109 over the last 90 days. Company insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC lifted its holdings in shares of Endeavor Group by 2.0% during the 4th quarter. Guggenheim Capital LLC now owns 15,276 shares of the company’s stock valued at $478,000 after purchasing an additional 304 shares during the last quarter. Fifth Lane Capital LP increased its position in shares of Endeavor Group by 0.3% in the 4th quarter. Fifth Lane Capital LP now owns 110,364 shares of the company’s stock valued at $3,453,000 after acquiring an additional 364 shares during the period. Tidal Investments LLC increased its position in shares of Endeavor Group by 5.1% in the 4th quarter. Tidal Investments LLC now owns 8,930 shares of the company’s stock valued at $279,000 after acquiring an additional 432 shares during the period. CIBC Asset Management Inc increased its position in shares of Endeavor Group by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock valued at $285,000 after acquiring an additional 447 shares during the period. Finally, Invesco Ltd. increased its position in shares of Endeavor Group by 5.3% in the 4th quarter. Invesco Ltd. now owns 10,044 shares of the company’s stock valued at $314,000 after acquiring an additional 505 shares during the period. Hedge funds and other institutional investors own 74.99% 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.