Endeavor Group (NYSE:EDR) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com initiated 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 Stock Up 0.8 %

Shares of NYSE EDR traded up $0.24 during trading hours on Friday, hitting $28.55. The company had a trading volume of 2,833,483 shares, compared to its average volume of 3,736,900. The stock has a market capitalization of $19.54 billion, a P/E ratio of 51.91 and a beta of 0.77. Endeavor Group has a 1-year low of $17.65 and a 1-year high of $28.62. The firm's 50 day moving average is $27.54 and its 200-day moving average is $26.88. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.

Endeavor Group (NYSE:EDR - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.06). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. On average, analysts expect that Endeavor Group will post 1.4 earnings per share for the current fiscal year.

Insider Activity at Endeavor Group

In other news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now directly owns 130,187 shares of the company's stock, valued at $3,551,501.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ariel Emanuel sold 149,280 shares of the business's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,928 shares of company stock worth $5,542,191. Company insiders own 63.90% of the company's stock.

Institutional Investors Weigh In On Endeavor Group

Institutional investors have recently modified their holdings of the business. Swiss National Bank boosted its holdings in Endeavor Group by 8.1% in the 1st quarter. Swiss National Bank now owns 356,000 shares of the company's stock valued at $9,160,000 after purchasing an additional 26,800 shares during the period. Sei Investments Co. acquired a new stake in Endeavor Group during the first quarter worth approximately $644,000. Gabelli Funds LLC increased its stake in Endeavor Group by 125.0% during the 1st quarter. Gabelli Funds LLC now owns 71,899 shares of the company's stock worth $1,850,000 after acquiring an additional 39,950 shares during the period. Caxton Associates LP acquired a new position in Endeavor Group in the 4th quarter valued at $2,373,000. Finally, JBF Capital Inc. bought a new stake in shares of Endeavor Group during the 2nd quarter valued at $622,000. Institutional investors own 71.37% of the company's stock.

Endeavor Group Company Profile

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.