Endeavor Group (NYSE:EDR) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a report released on Thursday morning. The brokerage issued a sell rating on the stock.

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

Endeavor Group Stock Performance

Shares of Endeavor Group stock opened at $30.05 on Thursday. The business has a 50-day simple moving average of $30.53 and a 200 day simple moving average of $30.17. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of -14.66 and a beta of 0.72. 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 one year low of $26.29 and a one year high of $35.99.

Endeavor Group Announces Dividend

The firm 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 of this dividend was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. Endeavor Group’s dividend payout ratio is presently -9.02%.

Insider Activity at Endeavor Group

In related news, CAO William K. Fullerton sold 2,225 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the completion of the sale, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at approximately $1,624,531.92. This represents a 4.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Seth D. Krauss sold 13,280 shares of Endeavor Group stock in a transaction 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 transaction, the chief accounting officer now directly owns 101,116 shares in the company, 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. In the last quarter, insiders have acquired 1,212,077 shares of company stock valued at $191,824,043 and have sold 21,178,742 shares valued at $582,769,150. 63.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors have recently modified their holdings of EDR. Kapitalo Investimentos Ltda bought a new position in Endeavor Group in the 4th quarter valued at $51,000. Blue Trust Inc. increased its holdings in Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after buying an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Endeavor Group in the fourth quarter worth about $96,000. BNP Paribas Financial Markets purchased a new position in Endeavor Group in the fourth quarter valued at about $120,000. Finally, FMR LLC grew its position in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after acquiring an additional 2,248 shares during the period. 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.