Endeavor Group (NYSE:EDR) Stock Rating Lowered by Seaport Res Ptn

Endeavor Group (NYSE:EDR) was downgraded by analysts at Seaport Res Ptn from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday. Two 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, Endeavor Group currently has a consensus rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Trading Up 0.6 %

NYSE EDR opened at $34.78 on Tuesday. Endeavor Group has a 12-month low of $23.14 and a 12-month high of $34.89. The company has a fifty day simple moving average of $31.09 and a two-hundred day simple moving average of $29.39. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $23.80 billion, a P/E ratio of -16.97 and a beta of 0.74.

Insider Activity

In other news, major shareholder Patrick Whitesell acquired 263,200 shares of the business’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the acquisition, the insider now owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the completion of the transaction, the chief accounting officer now owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. This trade represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 1,535,485 shares of company stock valued at $239,160,243 in the last quarter. 63.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

Institutional investors have recently modified their holdings of the business. CIBC Asset Management Inc boosted its position in Endeavor Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock worth $285,000 after purchasing an additional 447 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Endeavor Group by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after buying an additional 620 shares in the last quarter. Mirador Capital Partners LP grew its stake in Endeavor Group by 3.0% in the 4th quarter. Mirador Capital Partners LP now owns 27,057 shares of the company’s stock valued at $847,000 after acquiring an additional 792 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Endeavor Group by 2.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after acquiring an additional 1,066 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Endeavor Group by 176.1% during the fourth 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 in the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

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.