Endeavor Group (NYSE:EDR) Upgraded at StockNews.com

Endeavor Group (NYSE:EDR) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Endeavor Group Trading Up 0.7 %

Shares of NYSE:EDR traded up $0.22 during mid-day trading on Monday, hitting $30.35. The company had a trading volume of 495,231 shares, compared to its average volume of 677,990. The company has a market capitalization of $20.76 billion, a PE ratio of -14.80 and a beta of 0.74. Endeavor Group has a one year low of $22.77 and a one year high of $31.49. The firm has a fifty day moving average price of $30.29 and a 200 day moving average price of $28.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Insider Buying and Selling at Endeavor Group

In related news, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the transaction, the insider now owns 418,587 shares of the company’s stock, valued at $61,519,731.39. This represents a 169.38 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of Endeavor Group stock in a transaction on Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the transaction, the chief accounting officer now directly owns 53,255 shares in the company, valued at $1,659,958.35. This represents a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC boosted 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 purchasing an additional 620 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Endeavor Group by 2.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock valued at $1,165,000 after buying an additional 1,066 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Endeavor Group by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after buying an additional 1,346 shares during the last quarter. Mirador Capital Partners LP boosted its stake in Endeavor Group by 6.7% in the third quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after acquiring an additional 1,655 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after purchasing an additional 2,248 shares during 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.