Endeavor Group (NYSE:EDR) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Endeavor Group (NYSE:EDR) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

Endeavor Group Stock Up 0.7 %

Endeavor Group stock opened at $30.35 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group has a 1-year low of $22.77 and a 1-year high of $31.49. The firm’s fifty day simple moving average is $30.29 and its 200-day simple moving average is $28.77. The company has a market capitalization of $20.76 billion, a P/E ratio of -14.80 and a beta of 0.74.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group’s dividend payout ratio is -11.71%.

Insider Activity at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average cost 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 in the company, valued at $61,519,731.39. This trade represents a 169.38 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William K. Fullerton sold 6,875 shares of Endeavor Group stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the transaction, the chief accounting officer now owns 53,255 shares in the company, valued at $1,659,958.35. The trade was a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 63.90% of the stock is owned by company insiders.

Institutional Trading of Endeavor Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EDR. LMR Partners LLP grew its position in Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after purchasing an additional 1,290,867 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Endeavor Group by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after acquiring an additional 79,212 shares during the period. Moran Wealth Management LLC acquired a new stake in shares of Endeavor Group during the 3rd quarter valued at about $2,870,000. Davide Leone & Partners Investment Co Ltd. increased its stake in Endeavor Group by 81.0% in the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock valued at $22,947,000 after acquiring an additional 380,000 shares during the period. Finally, Athos Capital Ltd raised its position in Endeavor Group by 135.9% in the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after purchasing an additional 4,447,000 shares in the last quarter. Institutional investors and hedge funds 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.