Endeavor Group (NYSE:EDR) Downgraded to “Strong Sell” Rating by Seaport Res Ptn

Endeavor Group (NYSE:EDR) was downgraded by equities research analysts at Seaport Res Ptn from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, StockNews.com downgraded 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 given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Endeavor Group has an average rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Trading Up 0.6 %

Shares of EDR stock opened at $34.78 on Tuesday. Endeavor Group has a fifty-two week low of $23.14 and a fifty-two week 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 two-hundred day moving average is $29.39. The firm has a market capitalization of $23.80 billion, a P/E ratio of -16.97 and a beta of 0.74.

Insider Activity at Endeavor Group

In other news, CAO William K. Fullerton sold 2,225 shares of Endeavor Group stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total transaction of $68,040.50. Following the sale, the chief accounting officer now owns 53,124 shares of the company’s stock, valued at approximately $1,624,531.92. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Whitesell acquired 263,200 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was acquired 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 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 position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,535,485 shares of company stock valued at $239,160,243. 63.90% of the stock is owned by company insiders.

Institutional Trading of Endeavor Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. lifted its position in Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after buying an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Endeavor Group in the 4th quarter valued at approximately $96,000. FMR LLC lifted its holdings in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after acquiring an additional 2,248 shares during the last quarter. KBC Group NV boosted its position in shares of Endeavor Group by 65.3% during the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after purchasing an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in Endeavor Group in the 4th quarter valued at approximately $233,000. 74.99% of the stock is owned by institutional investors and hedge funds.

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.