StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR - Free Report) in a report released on Sunday. The brokerage issued a hold rating on the stock.
Endeavor Group Price Performance
Shares of NYSE EDR traded up $0.03 during mid-day trading on Friday, hitting $30.37. 2,173,161 shares of the stock traded hands, compared to its average volume of 1,338,641. The firm has a 50 day simple moving average of $29.15 and a two-hundred day simple moving average of $27.88. The company has a market cap of $20.78 billion, a PE ratio of -14.81 and a beta of 0.77. Endeavor Group has a twelve month low of $22.64 and a twelve month high of $30.57. 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 Activity at Endeavor Group
In other news, CEO Ariel Emanuel sold 27,816 shares of Endeavor Group stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,293,228.47. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 225,272 shares of company stock worth $6,372,925 in the last 90 days. Corporate insiders own 63.90% of the company's stock.
Institutional Investors Weigh In On Endeavor Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in EDR. Longfellow Investment Management Co. LLC purchased a new position in Endeavor Group in the 2nd quarter valued at approximately $75,000. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group in the 1st quarter worth approximately $102,000. SG Americas Securities LLC purchased a new position in shares of Endeavor Group during the 2nd quarter valued at $130,000. FMR LLC raised its position in shares of Endeavor Group by 67.6% in 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. Finally, CIBC Asset Management Inc bought a new stake in Endeavor Group during the second quarter valued at $226,000. Hedge funds and other institutional investors own 71.37% of the company's stock.
Endeavor Group Company Profile
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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.
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