Endeavor Group (NYSE:EDR) Lifted to Buy at StockNews.com

Endeavor Group (NYSE:EDR – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Endeavor Group Stock Up 1.6 %

Shares of EDR opened at $24.04 on Friday. Endeavor Group has a 52 week low of $17.42 and a 52 week high of $31.32. The company has a quick ratio of 1.14, a current ratio of 1.05 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 49.06, a PEG ratio of 0.49 and a beta of 0.86. The stock’s 50-day moving average price is $21.80 and its 200-day moving average price is $21.83.

Insider Transactions at Endeavor Group

In other news, CAO William K. Fullerton sold 13,853 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $21.62, for a total value of $299,501.86. Following the sale, the chief accounting officer now owns 67,535 shares in the company, valued at $1,460,106.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO William K. Fullerton sold 13,853 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $21.62, for a total value of $299,501.86. Following the completion of the transaction, the chief accounting officer now owns 67,535 shares of the company’s stock, valued at approximately $1,460,106.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Lublin sold 12,562 shares of the company’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $22.20, for a total value of $278,876.40. Following the completion of the transaction, the chief financial officer now directly owns 23,693 shares of the company’s stock, valued at approximately $525,984.60. The disclosure for this sale can be found here. Insiders have sold 49,231 shares of company stock worth $1,084,302 over the last quarter. 84.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Endeavor Group

A number of large investors have recently bought and sold shares of the business. Stansberry Asset Management LLC raised its holdings in shares of Endeavor Group by 1.9% during the fourth quarter. Stansberry Asset Management LLC now owns 81,344 shares of the company’s stock valued at $1,833,000 after acquiring an additional 1,536 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of Endeavor Group by 83.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,119,940 shares of the company’s stock valued at $25,243,000 after acquiring an additional 510,980 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Endeavor Group by 3.8% during the fourth quarter. Legal & General Group Plc now owns 22,649 shares of the company’s stock valued at $511,000 after acquiring an additional 834 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Endeavor Group by 6.4% during the fourth quarter. Millennium Management LLC now owns 7,114,037 shares of the company’s stock valued at $160,350,000 after acquiring an additional 429,390 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Endeavor Group by 24.9% during the fourth quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock valued at $303,710,000 after acquiring an additional 2,689,204 shares during the last quarter. Institutional investors and hedge funds own 36.31% of the company’s stock.

About Endeavor Group

(Get Rating)

Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.