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

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

Endeavor Group Stock Performance

NYSE:EDR opened at $28.08 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $19.46 billion, a P/E ratio of 51.05 and a beta of 0.77. The firm has a 50 day moving average of $27.44 and a 200-day moving average of $26.73. Endeavor Group has a 1 year low of $17.65 and a 1 year high of $28.10.

Endeavor Group (NYSE:EDR) last released its earnings results on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.87 billion. As a group, sell-side analysts anticipate that Endeavor Group will post 1.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EDR. Longfellow Investment Management Co. LLC bought a new position in Endeavor Group in the 2nd quarter valued at approximately $75,000. PNC Financial Services Group Inc. raised its position in Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Endeavor Group in the first quarter worth about $102,000. SG Americas Securities LLC purchased a new position in shares of Endeavor Group in the second quarter worth about $130,000. Finally, Quest Partners LLC purchased a new position in Endeavor Group during the fourth quarter valued at approximately $177,000. Institutional investors and hedge funds 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.