Endeavor Group (NYSE:EDR) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Endeavor Group (NYSE:EDR) from a hold rating to a sell rating in a research note published on Monday morning.

Endeavor Group Stock Up 0.6 %

EDR opened at $34.78 on Monday. Endeavor Group has a one year low of $23.14 and a one year high of $34.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s fifty day moving average is $31.09 and its 200-day moving average is $29.39. The company has a market capitalization of $23.80 billion, a PE ratio of -16.97 and a beta of 0.74.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group’s dividend payout ratio is presently -11.71%.

Insider Transactions at Endeavor Group

In other news, CAO William K. Fullerton sold 2,225 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the sale, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at $1,624,531.92. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Patrick Whitesell bought 263,200 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were bought at an average cost 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 of the company’s stock, valued at $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. In the last 90 days, insiders have bought 1,535,485 shares of company stock valued at $239,160,243. Corporate insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors and hedge funds have recently modified their holdings of EDR. Athos Capital Ltd raised its position in shares of Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after purchasing an additional 4,447,000 shares during the period. Polar Asset Management Partners Inc. raised its position in shares of Endeavor Group by 300.0% during the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock worth $57,120,000 after purchasing an additional 1,500,000 shares during the period. LMR Partners LLP grew its holdings in shares of Endeavor Group by 41.6% during the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after buying an additional 1,290,867 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Endeavor Group by 8.3% during the fourth quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock valued at $475,166,000 after buying an additional 1,167,887 shares in the last quarter. Finally, Whitefort Capital Management LP purchased a new position in shares of Endeavor Group during the third quarter valued at $28,560,000. 74.99% of the stock is owned by institutional investors and hedge funds.

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.