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

Equities researchers at StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the stock.

Endeavor Group Stock Up 0.8 %

EDR stock opened at $28.55 on Friday. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $28.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $19.78 billion, a price-to-earnings ratio of 51.91 and a beta of 0.77. The business’s fifty day moving average price is $27.54 and its two-hundred day moving average price is $26.89.

Endeavor Group (NYSE:EDR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. On average, equities analysts anticipate that Endeavor Group will post 1.4 earnings per share for the current year.

Insider Activity

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Ariel Emanuel sold 27,816 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $28.01, for a total transaction of $779,126.16. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,293,228.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,928 shares of company stock worth $5,542,191. 63.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Pentwater Capital Management LP raised its stake in Endeavor Group by 457.0% during the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after buying an additional 10,830,000 shares during the period. Davidson Kempner Capital Management LP bought a new position in shares of Endeavor Group in the 2nd quarter worth $205,038,000. Mubadala Investment Co PJSC acquired a new stake in Endeavor Group in the 4th quarter valued at $52,983,000. Glazer Capital LLC bought a new stake in Endeavor Group during the 2nd quarter valued at $49,017,000. Finally, Water Island Capital LLC acquired a new position in Endeavor Group during the second quarter worth $28,497,000. 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.