Endeavor Group (NYSE:EDR) Now Covered by StockNews.com

Investment analysts at StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

Endeavor Group Stock Up 0.8 %

EDR stock opened at $28.55 on Friday. The stock has a 50-day simple moving average of $27.54 and a two-hundred day simple moving average of $26.89. Endeavor Group has a twelve month low of $17.65 and a twelve month high of $28.62. The firm has a market capitalization of $19.78 billion, a PE ratio of 51.91 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.87 billion. On average, equities analysts predict that Endeavor Group will post 1.4 EPS for the current fiscal year.

Insider Activity

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other 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 value of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $51,458,040.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 completion of the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,928 shares of company stock valued at $5,542,191. Corporate insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Swiss National Bank lifted its position in Endeavor Group by 8.1% in the 1st quarter. Swiss National Bank now owns 356,000 shares of the company’s stock valued at $9,160,000 after acquiring an additional 26,800 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Endeavor Group in the first quarter worth approximately $644,000. Gabelli Funds LLC raised its holdings in shares of Endeavor Group by 125.0% during the first quarter. Gabelli Funds LLC now owns 71,899 shares of the company’s stock valued at $1,850,000 after purchasing an additional 39,950 shares during the last quarter. Caxton Associates LP bought a new position in Endeavor Group in the fourth quarter valued at about $2,373,000. Finally, JBF Capital Inc. purchased a new position in Endeavor Group in the second quarter worth about $622,000. 71.37% of the stock is owned by hedge funds and other 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.