Endeavor Group (NYSE:EDR) Lowered to Strong Sell Rating by Seaport Res Ptn

Seaport Res Ptn cut shares of Endeavor Group (NYSE:EDR) from a hold rating to a strong sell rating in a report issued on Tuesday,Zacks.com reports.

Separately, StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Endeavor Group currently has an average rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Price Performance

Shares of EDR opened at $34.78 on Tuesday. 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 firm has a market cap of $23.80 billion, a PE ratio of -16.97 and a beta of 0.74. Endeavor Group has a twelve month low of $23.14 and a twelve month high of $34.89. The firm’s 50 day moving average price is $31.09 and its 200 day moving average price is $29.39.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.69%. The ex-dividend date was Monday, December 16th. Endeavor Group’s payout ratio is currently -11.71%.

Insiders Place Their Bets

In other news, CAO William K. Fullerton sold 6,875 shares of Endeavor Group stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the sale, the chief accounting officer now owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. This trade represents a 11.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell acquired 60,208 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the transaction, the insider now owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This trade represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 1,535,485 shares of company stock worth $239,160,243 in the last ninety days. Insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LMR Partners LLP increased its stake in Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after acquiring an additional 1,290,867 shares during the period. Geode Capital Management LLC grew its stake in shares of Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after purchasing an additional 79,212 shares during the period. Moran Wealth Management LLC acquired a new position in shares of Endeavor Group in the 3rd quarter worth approximately $2,870,000. Athos Capital Ltd lifted its position in shares of Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after buying an additional 4,447,000 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Endeavor Group by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock valued at $50,804,000 after buying an additional 76,618 shares in the last quarter. 74.99% of the stock is owned by institutional investors.

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.