StockNews.com Begins Coverage on Endeavor Group (NYSE:EDR)

StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR) in a research report report published on Sunday. The firm issued a hold rating on the stock.

Endeavor Group Stock Down 0.1 %

Shares of NYSE:EDR opened at $30.46 on Friday. 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 company’s 50-day moving average price is $29.20 and its 200 day moving average price is $27.92. Endeavor Group has a fifty-two week low of $22.64 and a fifty-two week high of $30.59.

Insiders Place Their Bets

In other Endeavor Group news, CEO Ariel Emanuel sold 27,816 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,293,228.47. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is owned by company insiders.

Institutional Trading of Endeavor Group

Several institutional investors have recently modified their holdings of the company. Tidal Investments LLC grew its position in Endeavor Group by 7.9% in the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after buying an additional 620 shares during the last quarter. Arizona State Retirement System raised its position in shares of Endeavor Group by 1.8% during the second quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after purchasing an additional 898 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Endeavor Group by 2.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,066 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Endeavor Group by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after purchasing an additional 1,346 shares during the last quarter. Finally, Mirador Capital Partners LP boosted its position in shares of Endeavor Group by 6.7% in the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after purchasing an additional 1,655 shares during the period. Institutional investors and hedge funds own 71.37% 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.