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

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

Endeavor Group Stock Performance

NYSE:EDR opened at $29.83 on Friday. The stock has a 50-day moving average price of $28.90 and a 200 day moving average price of $27.74. The stock has a market capitalization of $20.41 billion, a P/E ratio of -14.55 and a beta of 0.77. Endeavor Group has a 12-month low of $22.64 and a 12-month high of $29.90. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Insider Buying and Selling

In other Endeavor Group news, CEO Ariel Emanuel sold 27,816 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $28.01, for a total value of $779,126.16. Following the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,293,228.47. The trade was a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds have recently made changes to their positions in EDR. Longfellow Investment Management Co. LLC bought a new stake in Endeavor Group in the 2nd quarter worth approximately $75,000. DekaBank Deutsche Girozentrale bought a new stake in Endeavor Group in the first quarter worth $102,000. SG Americas Securities LLC purchased a new stake in Endeavor Group during the second quarter valued at $130,000. FMR LLC lifted its position in Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of Endeavor Group in the 2nd quarter worth $226,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

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.