Endeavor Group (NYSE:EDR) Lowered to “Strong Sell” Rating by Seaport Res Ptn

Seaport Res Ptn downgraded shares of Endeavor Group (NYSE:EDR) from a hold rating to a strong sell rating in a report published on Tuesday morning,Zacks.com reports.

Separately, StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.86.

Endeavor Group Price Performance

Shares of NYSE EDR opened at $34.78 on Tuesday. The business has a 50 day moving average price of $31.09 and a two-hundred day moving average price of $29.39. Endeavor Group has a fifty-two week low of $23.14 and a fifty-two week high of $34.89. The firm has a market cap of $23.80 billion, a PE ratio of -16.97 and a beta of 0.74. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.06 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.69%. Endeavor Group’s payout ratio is currently -11.71%.

Insider Buying and Selling

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 263,200 shares of Endeavor Group stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the transaction, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO William K. Fullerton sold 2,225 shares of Endeavor Group stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the completion of the transaction, the chief accounting officer now directly owns 53,124 shares in the company, valued at $1,624,531.92. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 1,535,485 shares of company stock worth $239,160,243 over the last quarter. 63.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of Endeavor Group by 176.1% in the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after purchasing an additional 1,469 shares during the period. FNY Investment Advisers LLC acquired a new position in Endeavor Group in the 4th quarter valued at approximately $96,000. FMR LLC increased its stake in Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after buying an additional 2,248 shares during the period. KBC Group NV boosted its stake in shares of Endeavor Group by 65.3% during the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after buying an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. purchased a new position in shares of Endeavor Group during the 4th quarter valued at $233,000. 74.99% of the stock is owned by institutional investors and hedge funds.

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.