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

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

Endeavor Group Price Performance

Shares of Endeavor Group stock traded up $0.11 during trading on Friday, reaching $31.34. The company's stock had a trading volume of 940,368 shares, compared to its average volume of 3,299,862. The business has a 50 day moving average price of $29.94 and a 200-day moving average price of $28.44. Endeavor Group has a 12-month low of $22.75 and a 12-month high of $31.42. The company has a market capitalization of $21.44 billion, a P/E ratio of -15.29 and a beta of 0.76. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 48,176 shares of the firm's stock in a transaction on 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 in the company, valued at $53,179,412.88. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Patrick Whitesell acquired 263,200 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the transaction, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 63.90% of the stock is currently owned by company insiders.

Institutional Trading of Endeavor Group

Several large investors have recently modified their holdings of the business. Longfellow Investment Management Co. LLC acquired a new position in Endeavor Group in the 2nd quarter valued at about $75,000. 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 valued at $159,000 after buying an additional 2,248 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Endeavor Group during the second quarter valued at approximately $226,000. Tidal Investments LLC boosted its position in Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company's stock worth $243,000 after acquiring an additional 620 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Endeavor Group in the 2nd quarter valued at $255,000. 74.99% of the stock is currently owned by institutional investors and hedge funds.

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.

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