Endeavor Group (NYSE:EDR) Upgraded at StockNews.com

Endeavor Group (NYSE:EDR) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Endeavor Group Stock Up 0.4 %

EDR stock opened at $31.34 on Friday. The company’s 50 day moving average price is $29.94 and its 200 day moving average price is $28.45. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of -15.29 and a beta of 0.76. Endeavor Group has a fifty-two week low of $22.75 and a fifty-two week high of $31.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Insider Buying and Selling

In other news, CEO Ariel Emanuel sold 48,176 shares of the firm’s stock in a transaction dated 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 owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the acquisition, the insider now directly owns 418,587 shares of the company’s stock, valued at $61,519,731.39. This represents 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.

Hedge Funds Weigh In On Endeavor Group

A number of institutional investors have recently modified their holdings of the business. Tidal Investments LLC increased its stake in Endeavor Group by 7.9% in the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after purchasing an additional 620 shares during the period. Virtu Financial LLC acquired a new position in Endeavor Group in the 3rd quarter valued at about $602,000. Geode Capital Management LLC raised its stake in Endeavor Group by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after acquiring an additional 79,212 shares during the last quarter. Barclays PLC lifted its position in 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 acquiring an additional 312,238 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Endeavor Group by 142.3% in the 3rd quarter. XTX Topco Ltd now owns 90,867 shares of the company’s stock valued at $2,595,000 after purchasing an additional 53,370 shares during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

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.