StockNews.com Upgrades Endeavor Group (NYSE:EDR) to Hold

StockNews.com upgraded shares of Endeavor Group (NYSE:EDR) from a sell rating to a hold rating in a research note released on Friday morning.

Endeavor Group Stock Performance

Shares of NYSE EDR opened at $31.34 on Friday. Endeavor Group has a 12-month low of $22.75 and a 12-month high of $31.42. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of -15.29 and a beta of 0.76. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $29.94 and a 200 day moving average of $28.46.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a $0.06 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Endeavor Group’s dividend payout ratio is currently -11.71%.

Insider Buying and Selling at Endeavor Group

In other news, major shareholder Patrick Whitesell purchased 60,208 shares of the stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the acquisition, the insider now directly owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. 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 $53,179,412.88. This trade represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 63.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors and hedge funds have recently bought and sold shares of EDR. Tidal Investments LLC grew its position in shares of Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after purchasing an additional 620 shares in the last quarter. Virtu Financial LLC purchased a new stake in Endeavor Group during the 3rd quarter valued at approximately $602,000. Geode Capital Management LLC raised its position in shares of Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after buying an additional 79,212 shares during the last quarter. Barclays PLC lifted its holdings in shares of Endeavor Group by 5,247.7% in the third quarter. Barclays PLC now owns 318,188 shares of the company’s stock worth $9,087,000 after buying an additional 312,238 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in shares of Endeavor Group by 142.3% during the third quarter. XTX Topco Ltd now owns 90,867 shares of the company’s stock worth $2,595,000 after acquiring an additional 53,370 shares during the last quarter. 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.