Endeavor Group (NYSE:EDR) Research Coverage Started at Wall Street Zen

Wall Street Zen started coverage on shares of Endeavor Group (NYSE:EDR) in a research note released on Tuesday morning. The firm 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 research report on Tuesday, February 11th.

Endeavor Group Stock Up 4.2%

EDR opened at $30.05 on Tuesday. Endeavor Group has a 12 month low of $26.62 and a 12 month high of $35.99. 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 business’s 50-day moving average price is $29.97 and its 200-day moving average price is $30.37. The company has a market cap of $20.62 billion, a P/E ratio of -14.66 and a beta of 0.72.

Insider Buying and Selling

In other news, insider Canada Pension Plan Investment sold 21,038,712 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $27.50, for a total transaction of $578,564,580.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Seth D. Krauss sold 13,280 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were 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 approximately $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 a total of 21,176,517 shares of company stock valued at $582,701,109 over the last three months. 63.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kapitalo Investimentos Ltda purchased a new position in Endeavor Group during the 4th quarter valued at $51,000. Blue Trust Inc. boosted its stake in shares of Endeavor Group by 176.1% during the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after purchasing an additional 1,469 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Endeavor Group during the 4th quarter valued at about $120,000. KBC Group NV increased its position in shares of Endeavor Group by 65.3% during the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after buying an additional 2,842 shares during the period. Finally, Vise Technologies Inc. bought a new position in Endeavor Group in the fourth quarter worth about $238,000. Institutional investors own 74.99% 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.