Endeavor Group (NYSE:EDR) Rating Lowered to "Sell" at StockNews.com

Endeavor Group (NYSE:EDR - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Endeavor Group Stock Performance

EDR traded down $0.06 on Friday, hitting $31.20. The company had a trading volume of 851,764 shares, compared to its average volume of 691,082. The stock 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. The company's fifty day moving average price is $30.15 and its 200 day moving average price is $28.60. Endeavor Group has a 1-year low of $22.75 and a 1-year high of $31.49.

Insider Activity

In other news, major shareholder Patrick Whitesell bought 263,200 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, the insider now directly owns 418,587 shares in the company, valued at $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ariel Emanuel sold 48,176 shares of the company's stock in a transaction that occurred on Tuesday, October 8th. The shares were 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 directly owns 1,831,247 shares of the company's stock, valued at approximately $53,179,412.88. This trade represents a 2.56 % decrease in their position. The disclosure for this sale can be found here. 63.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors have recently bought and sold shares of EDR. Longfellow Investment Management Co. LLC bought a new stake in shares of Endeavor Group in the 2nd quarter valued at approximately $75,000. FMR LLC boosted its stake in Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company's stock valued at $159,000 after buying an additional 2,248 shares in the last quarter. CIBC Asset Management Inc bought a new stake in Endeavor Group in the second quarter valued at $226,000. Everence Capital Management Inc. acquired a new position in Endeavor Group during the fourth quarter worth $233,000. Finally, Tidal Investments LLC lifted its holdings in shares of Endeavor Group by 7.9% during the third 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 period. Institutional investors and hedge funds own 74.99% 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.