Endeavor Group (NYSE:EDR) Downgraded by Citigroup

Citigroup downgraded shares of Endeavor Group (NYSE:EDR - Free Report) from a buy rating to a neutral rating in a research note published on Monday, Marketbeat reports. The brokerage currently has $27.50 price target on the stock.

Several other brokerages have also commented on EDR. StockNews.com assumed coverage on Endeavor Group in a report on Saturday. They set a hold rating for the company. UBS Group reiterated a neutral rating and set a $27.50 price objective (down previously from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. JPMorgan Chase & Co. reiterated a neutral rating and set a $27.50 price objective (down previously from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. TD Cowen increased their price objective on Endeavor Group from $28.00 to $30.00 and gave the company an outperform rating in a report on Monday, March 25th. Finally, Jefferies Financial Group restated a hold rating and issued a $27.50 target price (down previously from $29.00) on shares of Endeavor Group in a research note on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $29.64.

Endeavor Group Stock Down 0.1 %

NYSE EDR traded down $0.02 during midday trading on Monday, hitting $26.39. 5,169,274 shares of the company traded hands, compared to its average volume of 4,372,798. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $18.27 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. The company's 50-day simple moving average is $24.96 and its 200-day simple moving average is $23.71. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $26.63.

Endeavor Group (NYSE:EDR - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.55 billion. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. As a group, equities research analysts forecast that Endeavor Group will post 1.27 earnings per share for the current year.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. Endeavor Group's payout ratio is currently 23.08%.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 1,642,970 shares of Endeavor Group stock in a transaction that occurred on Tuesday, April 9th. The stock was bought at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the acquisition, the insider now owns 1,642,970 shares of the company's stock, valued at approximately $146,240,759.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Endeavor Group news, insider Mark S. Shapiro sold 70,600 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,700,048.00. Following the completion of the sale, the insider now directly owns 81,460 shares in the company, valued at approximately $1,961,556.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell acquired 1,642,970 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were purchased at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the purchase, the insider now owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The disclosure for this purchase can be found here. In the last quarter, insiders sold 198,613 shares of company stock worth $4,874,524. Insiders own 82.08% of the company's stock.

Institutional Investors Weigh In On Endeavor Group

A number of large investors have recently made changes to their positions in EDR. Advisory Services Network LLC grew its position in shares of Endeavor Group by 134.2% in the first quarter. Advisory Services Network LLC now owns 1,150 shares of the company's stock valued at $28,000 after purchasing an additional 659 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Endeavor Group by 200.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company's stock valued at $37,000 after purchasing an additional 1,027 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Endeavor Group in the fourth quarter valued at approximately $52,000. ADAR1 Capital Management LLC purchased a new stake in shares of Endeavor Group in the fourth quarter valued at approximately $59,000. Finally, Ossiam acquired a new position in Endeavor Group in the first quarter valued at approximately $60,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

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.