Endeavor Group (NYSE:EDR) Rating Lowered to “Strong Sell” at Seaport Res Ptn

Endeavor Group (NYSE:EDR) was downgraded by research analysts at Seaport Res Ptn from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Separately, StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Endeavor Group currently has a consensus rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Stock Performance

NYSE EDR opened at $34.78 on Tuesday. The company has a market capitalization of $23.80 billion, a PE ratio of -16.97 and a beta of 0.74. Endeavor Group has a 1 year low of $23.14 and a 1 year high of $34.89. The company has a fifty day moving average of $31.09 and a two-hundred day moving average of $29.39. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Insider Activity

In other Endeavor Group news, CAO William K. Fullerton sold 2,225 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total transaction of $68,040.50. Following the sale, the chief accounting officer now directly owns 53,124 shares in the company, valued at approximately $1,624,531.92. The trade was a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell purchased 60,208 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the acquisition, the insider now directly owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 1,535,485 shares of company stock valued at $239,160,243 over the last quarter. Corporate insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Athos Capital Ltd lifted its position in shares of Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after acquiring an additional 4,447,000 shares during the period. Polar Asset Management Partners Inc. grew its holdings in Endeavor Group by 300.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after buying an additional 1,500,000 shares during the last quarter. LMR Partners LLP raised its holdings in shares of Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after acquiring an additional 1,290,867 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Endeavor Group by 8.3% in the fourth quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock worth $475,166,000 after acquiring an additional 1,167,887 shares during the last quarter. Finally, Whitefort Capital Management LP acquired a new stake in shares of Endeavor Group during the third quarter valued at $28,560,000. 74.99% of the stock is currently 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.