Endeavor Group (NYSE:EDR) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Endeavor Group Price Performance

Shares of EDR stock opened at $28.83 on Friday. The stock’s fifty day simple moving average is $28.69 and its 200 day simple moving average is $27.62. Endeavor Group has a one year low of $22.64 and a one year high of $29.67. The firm has a market cap of $19.73 billion, a price-to-earnings ratio of -14.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.62.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 27,816 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Pentwater Capital Management LP grew its position in shares of Endeavor Group by 457.0% during the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after buying an additional 10,830,000 shares during the period. Davidson Kempner Capital Management LP acquired a new position in Endeavor Group during the second quarter valued at approximately $205,038,000. Glazer Capital LLC acquired a new stake in Endeavor Group in the second quarter worth $49,017,000. LMR Partners LLP boosted its position in shares of Endeavor Group by 41.6% during the third 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 in the last quarter. Finally, Water Island Capital LLC acquired a new position in shares of Endeavor Group in the 2nd quarter valued at $28,497,000. Institutional investors own 71.37% 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.