Endeavor Group (NYSE:EDR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued to investors on Monday morning. The firm issued a sell rating on the stock.

Endeavor Group Price Performance

Shares of EDR stock opened at $30.60 on Monday. The stock has a 50 day moving average price of $29.49 and a 200 day moving average price of $28.09. Endeavor Group has a 52-week low of $22.64 and a 52-week high of $30.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $20.94 billion, a P/E ratio of -14.93 and a beta of 0.76.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, December 16th. Endeavor Group’s payout ratio is presently -11.71%.

Insider Transactions at Endeavor Group

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

Hedge Funds Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in EDR. Pentwater Capital Management LP boosted its holdings in shares of Endeavor Group by 457.0% in the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock valued at $356,796,000 after buying an additional 10,830,000 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new stake in Endeavor Group in the second quarter valued at approximately $205,038,000. Athos Capital Ltd grew its holdings in Endeavor Group by 135.9% in the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after purchasing an additional 4,447,000 shares during the last quarter. Glazer Capital LLC acquired a new position in shares of Endeavor Group during the second quarter worth $49,017,000. Finally, Polar Asset Management Partners Inc. boosted its holdings in Endeavor Group by 300.0% in the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock worth $57,120,000 after acquiring an additional 1,500,000 shares in the last quarter. Hedge funds and other institutional investors own 71.37% 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.