StockNews.com Upgrades Endeavor Group (NYSE:EDR) to "Hold"

Endeavor Group (NYSE:EDR - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a report released on Monday.

Endeavor Group Stock Up 0.7 %

Shares of NYSE:EDR traded up $0.22 during trading on Monday, hitting $30.35. 495,231 shares of the company's stock traded hands, compared to its average volume of 677,990. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $30.29 and a 200-day moving average price of $28.77. Endeavor Group has a 52 week low of $22.77 and a 52 week high of $31.49. The company has a market cap of $20.76 billion, a price-to-earnings ratio of -14.80 and a beta of 0.74.

Insider Buying and Selling

In other Endeavor Group news, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the sale, the chief accounting officer now owns 53,255 shares in the company, valued at $1,659,958.35. This trade represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction on Monday, December 16th. The shares were acquired 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 of the company's stock, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 63.90% of the company's stock.

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently modified their holdings of EDR. FNY Investment Advisers LLC acquired a new stake in Endeavor Group in the 4th quarter worth about $96,000. FMR LLC increased its stake in shares of 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 purchasing an additional 2,248 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Endeavor Group in the fourth quarter worth about $233,000. Tidal Investments LLC grew its stake 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 worth $243,000 after buying an additional 620 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Endeavor Group in the 2nd quarter worth about $255,000. Institutional investors and hedge funds own 74.99% 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.

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