Endeavor Group (NYSE:EDR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a research note released on Saturday. The brokerage issued a sell rating on the stock.

Separately, Seaport Res Ptn downgraded shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th.

Endeavor Group Price Performance

Shares of NYSE EDR opened at $30.05 on Friday. Endeavor Group has a fifty-two week low of $26.39 and a fifty-two week high of $35.99. The company has a 50 day simple moving average of $29.82 and a two-hundred day simple moving average of $30.29. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of -14.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Endeavor Group Dividend Announcement

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

Insider Activity at Endeavor Group

In related news, insider Canada Pension Plan Investment sold 21,038,712 shares of the company’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Seth D. Krauss sold 13,280 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $30.03, for a total value of $398,798.40. Following the sale, the chief accounting officer now owns 101,116 shares of the company’s stock, valued at approximately $3,036,513.48. This trade represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 767,820 shares of company stock valued at $126,298,789 and sold 21,176,517 shares valued at $582,701,109. 63.90% of the stock is owned by insiders.

Institutional Trading of Endeavor Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda purchased a new stake in Endeavor Group in the fourth quarter worth about $51,000. Blue Trust Inc. increased its position in Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after buying an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Endeavor Group in the fourth quarter worth about $96,000. BNP Paribas Financial Markets purchased a new stake in Endeavor Group in the fourth quarter worth about $120,000. Finally, KBC Group NV increased its position in Endeavor Group by 65.3% in the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after buying an additional 2,842 shares in the last quarter. Hedge funds and other 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.