Investment analysts at StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR - Get Free Report) in a research report issued on Saturday. The firm set a "hold" rating on the stock.
Endeavor Group Trading Up 0.8 %
Shares of NYSE EDR traded up $0.23 during midday trading on Friday, reaching $29.78. The company had a trading volume of 823,767 shares, compared to its average volume of 1,261,429. Endeavor Group has a one year low of $22.64 and a one year high of $29.90. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm's fifty day moving average price is $28.90 and its 200-day moving average price is $27.74. The stock has a market cap of $20.37 billion, a PE ratio of -14.53 and a beta of 0.77.
Insider Buying and Selling
In related news, CEO Ariel Emanuel sold 149,280 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the sale, the chief executive officer now owns 1,831,247 shares of the company's stock, valued at approximately $51,458,040.70. This represents a 7.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 225,272 shares of company stock worth $6,372,925. Insiders own 63.90% of the company's stock.
Institutional Trading of Endeavor Group
Hedge funds have recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC purchased a new stake in shares of Endeavor Group in the second quarter valued at about $75,000. DekaBank Deutsche Girozentrale acquired a new position in Endeavor Group during the first quarter worth about $102,000. SG Americas Securities LLC bought a new position in shares of Endeavor Group during the 2nd quarter worth approximately $130,000. FMR LLC grew its stake in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company's stock worth $159,000 after acquiring an additional 2,248 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in Endeavor Group in the 2nd quarter worth approximately $226,000. 71.37% of the stock is owned by hedge funds and other institutional investors.
About Endeavor Group
(
Get Free Report)
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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