StockNews.com Begins Coverage on Endeavor Group (NYSE:EDR)

StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR) in a research note published on Tuesday morning. The brokerage issued a hold rating on the stock.

Endeavor Group Stock Up 0.5 %

Shares of NYSE EDR opened at $28.89 on Tuesday. The business has a 50-day moving average price of $28.23 and a 200 day moving average price of $27.36. The stock has a market cap of $20.02 billion, a PE ratio of 52.53 and a beta of 0.78. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Endeavor Group has a 52-week low of $20.81 and a 52-week high of $29.54.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data 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). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. Equities research analysts forecast that Endeavor Group will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. Endeavor Group’s dividend payout ratio (DPR) is 43.64%.

Insider Buying and Selling

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $27.28, for a total transaction of $568,296.96. Following the completion of the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,551,501.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total value of $1,399,031.04. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $53,179,412.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 246,104 shares of company stock valued at $6,941,222 over the last quarter. 63.90% of the stock is currently owned by insiders.

Institutional Trading of Endeavor Group

Several hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Endeavor Group in the first quarter valued at about $267,000. Mirador Capital Partners LP boosted its holdings in Endeavor Group by 9.6% during the first quarter. Mirador Capital Partners LP now owns 22,125 shares of the company’s stock worth $569,000 after buying an additional 1,941 shares in the last quarter. Vest Financial LLC purchased a new position in Endeavor Group in the first quarter valued at about $852,000. Finally, Swiss National Bank lifted its position in shares of Endeavor Group by 8.1% during 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 during the period. 71.37% 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.