Endeavor Group (NYSE:EDR) Rating Lowered to “Sell” at StockNews.com

Endeavor Group (NYSE:EDR) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Endeavor Group Price Performance

NYSE EDR opened at $31.20 on Friday. The business’s fifty day moving average is $30.15 and its 200 day moving average is $28.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. Endeavor Group has a fifty-two week low of $22.75 and a fifty-two week high of $31.49. The company has a market capitalization of $21.35 billion, a PE ratio of -15.22 and a beta of 0.76.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $53,179,412.88. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, the insider now owns 418,587 shares of the company’s stock, valued at $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Everence Capital Management Inc. bought a new position in Endeavor Group in the 4th quarter worth about $233,000. Tidal Investments LLC increased its holdings in Endeavor Group by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after purchasing an additional 620 shares during the period. Virtu Financial LLC bought a new stake in Endeavor Group during the 3rd quarter valued at $602,000. Geode Capital Management LLC lifted 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 worth $59,367,000 after buying an additional 79,212 shares during the period. Finally, Barclays PLC grew its position in shares of Endeavor Group by 5,247.7% during the 3rd quarter. Barclays PLC now owns 318,188 shares of the company’s stock worth $9,087,000 after buying an additional 312,238 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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.