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

StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR) in a note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Endeavor Group Stock Up 0.8 %

Shares of NYSE:EDR opened at $29.78 on Friday. The firm’s 50-day moving average is $28.90 and its two-hundred day moving average is $27.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. Endeavor Group has a 1 year low of $22.64 and a 1 year high of $29.90. The firm has a market capitalization of $20.37 billion, a PE ratio of -14.53 and a beta of 0.77.

Insider Activity

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group 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 approximately $53,179,412.88. The trade was a 2.56 % 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. In the last three months, insiders sold 225,272 shares of company stock valued at $6,372,925. Insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its stake in Endeavor Group by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock valued at $1,364,000 after purchasing an additional 898 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Endeavor Group by 2.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock valued at $1,165,000 after purchasing an additional 1,066 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after buying an additional 1,346 shares during the last quarter. Mirador Capital Partners LP raised its position in shares of Endeavor Group by 6.7% in the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock worth $750,000 after buying an additional 1,655 shares during the period. Finally, Comerica Bank boosted its holdings in Endeavor Group by 11.7% in the first quarter. Comerica Bank now owns 17,529 shares of the company’s stock valued at $451,000 after acquiring an additional 1,832 shares during the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.

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.