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

StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR) in a research report released on Monday morning. The brokerage issued a sell rating on the stock.

Separately, Seaport Res Ptn lowered Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th.

Endeavor Group Stock Up 4.2%

Shares of EDR stock opened at $30.05 on Monday. The stock’s 50-day simple moving average is $29.81 and its 200-day simple moving average is $30.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. Endeavor Group has a fifty-two week low of $26.54 and a fifty-two week high of $35.99.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.06 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. Endeavor Group’s payout ratio is -9.02%.

Insider Transactions at Endeavor Group

In other Endeavor Group news, insider Canada Pension Plan Investment sold 21,038,712 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $27.50, for a total transaction of $578,564,580.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Seth D. Krauss sold 13,280 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $30.03, for a total value of $398,798.40. Following the transaction, the chief accounting officer now owns 101,116 shares in the company, valued at $3,036,513.48. This represents a 11.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,176,517 shares of company stock worth $582,701,109 over the last quarter. 63.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds have recently bought and sold shares of EDR. Barclays PLC boosted its position in Endeavor Group by 5,247.7% during the third quarter. Barclays PLC now owns 318,188 shares of the company’s stock worth $9,087,000 after purchasing an additional 312,238 shares in the last quarter. Tidal Investments LLC boosted its position in 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. FNY Investment Advisers LLC purchased a new position in Endeavor Group during the fourth quarter worth approximately $96,000. Mirador Capital Partners LP boosted its position in Endeavor Group by 3.0% during the fourth quarter. Mirador Capital Partners LP now owns 27,057 shares of the company’s stock worth $847,000 after purchasing an additional 792 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after purchasing an additional 1,469 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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.