Endeavor Group (NYSE:EDR) Stock Rating Lowered by StockNews.com

Endeavor Group (NYSE:EDR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Endeavor Group Stock Down 0.2 %

Shares of EDR stock opened at $31.20 on Friday. The stock’s fifty day moving average price is $30.15 and its 200 day moving average price is $28.62. Endeavor Group has a 1-year low of $22.75 and a 1-year high of $31.49. The company has a market cap of $21.35 billion, a price-to-earnings ratio of -15.22 and a beta of 0.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 48,176 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total value of $1,399,031.04. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. The trade was a 2.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Patrick Whitesell purchased 263,200 shares of Endeavor Group stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, the insider now owns 418,587 shares of the company’s stock, valued at $61,519,731.39. This represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. Insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Several hedge funds have recently modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of Endeavor Group in the second quarter valued at about $75,000. FMR LLC grew its holdings in shares of Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after buying an additional 2,248 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Endeavor Group in the fourth quarter valued at about $233,000. CIBC Asset Management Inc purchased a new stake in Endeavor Group during the 2nd quarter valued at about $226,000. Finally, Tidal Investments LLC raised its holdings in Endeavor Group by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after acquiring an additional 620 shares during the last quarter. 74.99% of the stock is 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.