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

Equities researchers at StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

Endeavor Group Trading Up 0.3 %

EDR opened at $29.09 on Friday. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $29.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $20.15 billion, a price-to-earnings ratio of 52.89 and a beta of 0.78. The company’s 50 day moving average price is $27.68 and its two-hundred day moving average price is $27.02.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. As a group, research analysts predict that Endeavor Group will post 1.4 earnings per share for the current year.

Insider Activity at Endeavor Group

In related news, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,551,501.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,928 shares of company stock valued at $5,542,191 over the last ninety days. Corporate insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Several large investors have recently modified their holdings of EDR. Longfellow Investment Management Co. LLC purchased a new position in shares of Endeavor Group in the second quarter worth about $75,000. PNC Financial Services Group Inc. increased its stake in shares of Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after purchasing an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Endeavor Group in the first quarter worth about $102,000. SG Americas Securities LLC purchased a new position in shares of Endeavor Group in the second quarter worth about $130,000. Finally, CIBC Asset Management Inc purchased a new position in Endeavor Group during the second quarter valued at approximately $226,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

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.