Endeavor Group (NYSE:EDR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a research report sent to investors on Friday. The firm issued a sell rating on the stock.

Separately, Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th.

Endeavor Group Stock Performance

EDR stock opened at $30.05 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. Endeavor Group has a 1 year low of $26.34 and a 1 year high of $35.99. The company has a market cap of $20.62 billion, a P/E ratio of -14.66 and a beta of 0.72. The stock’s fifty day moving average price is $30.26 and its 200-day moving average price is $30.23.

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.06 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. Endeavor Group’s dividend payout ratio is currently -9.02%.

Insider Activity at Endeavor Group

In related news, major shareholder Patrick Whitesell acquired 117,769 shares of the stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the transaction, the insider now directly owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. This represents a 4.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Seth D. Krauss sold 13,280 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $30.03, for a total transaction of $398,798.40. Following the completion of the sale, the chief accounting officer now directly owns 101,116 shares of the company’s stock, valued at $3,036,513.48. This represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 1,086,488 shares of company stock worth $173,857,280 and have sold 21,176,517 shares worth $582,701,109. 63.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors have recently bought and sold shares of the business. Guggenheim Capital LLC boosted its stake in shares of Endeavor Group by 2.0% in the fourth quarter. Guggenheim Capital LLC now owns 15,276 shares of the company’s stock worth $478,000 after acquiring an additional 304 shares during the period. Fifth Lane Capital LP boosted its stake in Endeavor Group by 0.3% in the 4th quarter. Fifth Lane Capital LP now owns 110,364 shares of the company’s stock worth $3,453,000 after purchasing an additional 364 shares during the period. Tidal Investments LLC grew its holdings in Endeavor Group by 5.1% during the 4th quarter. Tidal Investments LLC now owns 8,930 shares of the company’s stock valued at $279,000 after buying an additional 432 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Endeavor Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock valued at $285,000 after buying an additional 447 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Endeavor Group by 5.3% in the fourth quarter. Invesco Ltd. now owns 10,044 shares of the company’s stock worth $314,000 after buying an additional 505 shares in the last quarter. Hedge funds and other institutional investors 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.