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

Investment analysts at StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR – Get Rating) in a report issued on Thursday. The firm set a “buy” rating on the stock.

Endeavor Group Trading Down 1.9 %

EDR opened at $22.95 on Thursday. Endeavor Group has a one year low of $17.42 and a one year high of $31.32. The company has a market cap of $16.09 billion, a P/E ratio of 46.84, a PEG ratio of 0.77 and a beta of 0.86. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50-day simple moving average is $22.08 and its 200-day simple moving average is $21.82.

Insider Activity

In other news, President Mark S. Shapiro sold 15,995 shares of the stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $22.21, for a total value of $355,248.95. Following the transaction, the president now owns 28,317 shares in the company, valued at approximately $628,920.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, President Mark S. Shapiro sold 15,995 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $22.21, for a total transaction of $355,248.95. Following the transaction, the president now owns 28,317 shares in the company, valued at approximately $628,920.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Lublin sold 12,562 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $22.20, for a total value of $278,876.40. Following the transaction, the chief financial officer now owns 23,693 shares in the company, valued at approximately $525,984.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,231 shares of company stock worth $1,084,302. 84.67% of the stock is currently owned by insiders.

Institutional Trading of Endeavor Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. lifted its position in Endeavor Group by 14.6% during the 4th quarter. Citigroup Inc. now owns 3,878 shares of the company’s stock worth $87,000 after acquiring an additional 493 shares during the period. Legal & General Group Plc lifted its position in Endeavor Group by 3.8% during the 4th quarter. Legal & General Group Plc now owns 22,649 shares of the company’s stock worth $511,000 after acquiring an additional 834 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Endeavor Group by 9.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,119 shares of the company’s stock worth $229,000 after acquiring an additional 919 shares during the period. Arizona State Retirement System lifted its position in Endeavor Group by 4.5% during the 4th quarter. Arizona State Retirement System now owns 24,197 shares of the company’s stock worth $545,000 after acquiring an additional 1,042 shares during the period. Finally, Stansberry Asset Management LLC lifted its position in Endeavor Group by 1.9% during the 4th quarter. Stansberry Asset Management LLC now owns 81,344 shares of the company’s stock worth $1,833,000 after acquiring an additional 1,536 shares during the period. 36.31% of the stock is owned by institutional investors and hedge funds.

Endeavor Group Company Profile

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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.