Endeavor Group (NYSE:EDR) Rating Lowered to “Sell” at StockNews.com

StockNews.com lowered shares of Endeavor Group (NYSE:EDR) from a hold rating to a sell rating in a research report report published on Saturday morning.

Endeavor Group Price Performance

Shares of EDR stock opened at $31.15 on Friday. The company has a market cap of $21.31 billion, a P/E ratio of -15.20 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The stock’s 50-day moving average is $30.19 and its 200 day moving average is $28.65. Endeavor Group has a 1-year low of $22.77 and a 1-year high of $31.49.

Endeavor Group Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 6,875 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were 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. The trade was a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Patrick Whitesell purchased 60,208 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the purchase, the insider now directly owns 1,734,530 shares in the company, valued at $249,303,996.90. This represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. 63.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Endeavor Group

Hedge funds have recently made changes to their positions in the company. Athos Capital Ltd lifted its position in 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 acquiring an additional 4,447,000 shares during the period. Davidson Kempner Capital Management LP purchased a new position in Endeavor Group during the 2nd quarter worth approximately $205,038,000. LMR Partners LLP lifted its holdings 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 lifted its holdings in Endeavor Group by 4.0% in the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after acquiring an additional 79,212 shares during the period. Finally, Polar Asset Management Partners Inc. boosted its position in Endeavor Group by 300.0% in the 3rd 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 in the last quarter. 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.