StockNews.com downgraded shares of Endeavor Group (NYSE:EDR - Free Report) from a hold rating to a sell rating in a research note released on Monday morning.
Endeavor Group Stock Down 0.9 %
EDR stock traded down $0.32 during mid-day trading on Monday, hitting $35.18. 186,840 shares of the company were exchanged, compared to its average volume of 2,047,846. The company has a market capitalization of $24.07 billion, a PE ratio of -17.16 and a beta of 0.74. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group has a twelve month low of $23.14 and a twelve month high of $35.99. The firm has a fifty day simple moving average of $31.19 and a 200 day simple moving average of $29.43.
Endeavor Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.68%. Endeavor Group's dividend payout ratio is currently -11.71%.
Insiders Place Their Bets
In other Endeavor Group news, major shareholder Patrick Whitesell purchased 263,200 shares of Endeavor Group stock in a transaction dated Monday, December 16th. The shares were bought at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the transaction, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. This represents a 169.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO William K. Fullerton sold 6,875 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the completion of the transaction, the chief accounting officer now owns 53,255 shares in the company, valued at approximately $1,659,958.35. The trade was a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased a total of 1,535,485 shares of company stock valued at $239,160,243 in the last ninety days. Corporate insiders own 63.90% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Endeavor Group by 8.3% in the 4th quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company's stock valued at $475,166,000 after purchasing an additional 1,167,887 shares during the last quarter. Athos Capital Ltd raised its position in shares of Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company's stock worth $220,460,000 after buying an additional 4,447,000 shares in the last quarter. LMR Partners LLP raised its position in shares of Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company's stock worth $125,486,000 after buying an additional 1,290,867 shares in the last quarter. First Trust Advisors LP raised its position in shares of Endeavor Group by 15.8% during the 4th quarter. First Trust Advisors LP now owns 2,640,849 shares of the company's stock worth $82,632,000 after buying an additional 360,198 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Endeavor Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,088,210 shares of the company's stock worth $65,370,000 after buying an additional 10,323 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.
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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