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

Analysts at StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR) in a research report issued on Thursday. The firm set a “sell” rating on the stock.

Separately, Seaport Res Ptn downgraded shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th.

Endeavor Group Trading Up 4.2 %

Shares of NYSE:EDR opened at $30.05 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. Endeavor Group has a 12-month low of $26.29 and a 12-month high of $35.99. The business’s fifty day simple moving average is $30.51 and its 200-day simple moving average is $30.19.

Insider Activity

In other news, insider Canada Pension Plan Investment sold 21,038,712 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $27.50, for a total transaction of $578,564,580.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Lublin sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $29.98, for a total transaction of $1,499,000.00. Following the completion of the transaction, the chief financial officer now directly owns 219,613 shares in the company, valued at $6,583,997.74. This represents a 18.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,212,077 shares of company stock worth $191,824,043 and sold 21,178,742 shares worth $582,769,150. Company insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

Several large investors have recently made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new stake in Endeavor Group during the 4th quarter worth $51,000. Blue Trust Inc. lifted its stake in shares of Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after buying an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Endeavor Group during the fourth quarter worth about $96,000. BNP Paribas Financial Markets purchased a new stake in Endeavor Group during the 4th quarter valued at about $120,000. Finally, FMR LLC raised its holdings in Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after acquiring an additional 2,248 shares during the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Endeavor Group Company Profile

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.