StockNews.com Initiates Coverage on Endeavor Group (NYSE:EDR)

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

Separately, Piper Sandler downgraded shares of Endeavor Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Stock Performance

Shares of EDR stock opened at $27.46 on Tuesday. The company has a 50 day moving average price of $27.28 and a 200-day moving average price of $26.34. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $19.03 billion, a PE ratio of 49.93 and a beta of 0.78. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $27.62.

Insider Activity at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction on Monday, July 29th. The shares were 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. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 63.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings 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 during the last quarter. Arizona State Retirement System grew its holdings in shares of Endeavor Group by 1.8% in the second quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after purchasing an additional 898 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Endeavor Group by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after purchasing an additional 1,346 shares during the last quarter. Comerica Bank grew its holdings in shares of Endeavor Group by 11.7% in the first quarter. Comerica Bank now owns 17,529 shares of the company’s stock worth $451,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Mirador Capital Partners LP grew its holdings in shares of Endeavor Group by 9.6% in the first quarter. Mirador Capital Partners LP now owns 22,125 shares of the company’s stock worth $569,000 after purchasing an additional 1,941 shares during the last quarter. 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.