Endeavor Group (NYSE:EDR) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a report published on Wednesday. The brokerage issued a hold rating on the stock.

Separately, Piper Sandler cut Endeavor Group from a strong-buy rating to a hold rating in a research note on Monday, May 13th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Endeavor Group presently has a consensus rating of Hold and a consensus price target of $27.86.

Endeavor Group Trading Up 0.1 %

Shares of NYSE:EDR opened at $27.43 on Wednesday. The business’s 50 day simple moving average is $27.37 and its 200 day simple moving average is $26.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Endeavor Group has a 1 year low of $17.65 and a 1 year high of $27.62. The company has a market capitalization of $19.01 billion, a P/E ratio of 49.87 and a beta of 0.77.

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

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.06 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.87%. Endeavor Group’s dividend payout ratio is presently 43.64%.

Insider Activity

In other news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at approximately $3,551,501.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 63.90% of the stock is currently owned by company insiders.

Institutional Trading of Endeavor Group

Large investors have recently made changes to their positions in the company. Swiss National Bank lifted its position in Endeavor Group by 8.1% in the 1st quarter. Swiss National Bank now owns 356,000 shares of the company’s stock valued at $9,160,000 after acquiring an additional 26,800 shares in the last quarter. Sei Investments Co. bought a new position in Endeavor Group in the 1st quarter valued at about $644,000. Gabelli Funds LLC lifted its position in Endeavor Group by 125.0% in the 1st quarter. Gabelli Funds LLC now owns 71,899 shares of the company’s stock valued at $1,850,000 after acquiring an additional 39,950 shares in the last quarter. Caxton Associates LP bought a new position in Endeavor Group in the 4th quarter valued at about $2,373,000. Finally, Cowen AND Company LLC bought a new position in Endeavor Group in the 4th quarter valued at about $5,932,000. 71.37% 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.