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

Endeavor Group (NYSE:EDR) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

Endeavor Group Stock Performance

Endeavor Group stock opened at $31.34 on Friday. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of -15.29 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 firm has a 50 day simple moving average of $29.94 and a 200-day simple moving average of $28.45. Endeavor Group has a 1-year low of $22.75 and a 1-year high of $31.42.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. The trade was a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, the insider now owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. This trade represents 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.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds have recently bought and sold shares of the company. Tidal Investments LLC increased its stake 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 purchasing an additional 620 shares during the period. Virtu Financial LLC acquired a new position in shares of Endeavor Group in the third quarter valued at approximately $602,000. Geode Capital Management LLC increased its stake in Endeavor Group by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after buying an additional 79,212 shares during the period. Barclays PLC lifted its holdings in Endeavor Group by 5,247.7% during the 3rd quarter. Barclays PLC now owns 318,188 shares of the company’s stock worth $9,087,000 after buying an additional 312,238 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in Endeavor Group by 142.3% in the 3rd quarter. XTX Topco Ltd now owns 90,867 shares of the company’s stock valued at $2,595,000 after buying an additional 53,370 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.