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

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR - Free Report) in a research note issued to investors on Wednesday. The firm issued a hold rating on the stock.

Several other research firms have also commented on EDR. Seaport Res Ptn lowered shares of Endeavor Group from a buy rating to a neutral rating in a research report on Tuesday, April 2nd. Jefferies Financial Group reiterated a hold rating and issued a $27.50 price target (down from $29.00) on shares of Endeavor Group in a research report on Thursday, April 4th. Evercore ISI reiterated an in-line rating and issued a $27.50 price target (down from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Citigroup lowered shares of Endeavor Group from a buy rating to a neutral rating and lowered their price target for the company from $29.00 to $27.50 in a research report on Monday, April 15th. Finally, Guggenheim reiterated a neutral rating and issued a $27.50 price target (down from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $28.89.

Endeavor Group Price Performance

EDR traded up $0.08 on Wednesday, hitting $26.62. 3,611,291 shares of the company were exchanged, compared to its average volume of 4,162,398. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16. The business's fifty day moving average is $25.91 and its 200 day moving average is $24.73. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $26.69. The firm has a market capitalization of $18.43 billion, a P/E ratio of 48.26, a price-to-earnings-growth ratio of 1.93 and a beta of 0.79.

Endeavor Group (NYSE:EDR - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Endeavor Group had a net margin of 3.40% and a return on equity of 2.86%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.55 billion. As a group, sell-side analysts anticipate that Endeavor Group will post 1.27 EPS for the current year.

Endeavor Group Dividend Announcement

The business also recently declared 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. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, March 14th. Endeavor Group's dividend payout ratio is currently 43.64%.

Insiders Place Their Bets

In other Endeavor Group news, CAO William K. Fullerton sold 6,750 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the transaction, the chief accounting officer now owns 46,600 shares of the company's stock, valued at $1,235,366. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were bought 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 directly owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO William K. Fullerton sold 6,750 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $26.51, for a total transaction of $178,942.50. Following the transaction, the chief accounting officer now directly owns 46,600 shares in the company, valued at approximately $1,235,366. The disclosure for this sale can be found here. Insiders have sold a total of 183,383 shares of company stock valued at $4,496,219 over the last quarter. Company insiders own 82.08% of the company's stock.

Hedge Funds Weigh In On Endeavor Group

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in Endeavor Group by 14.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company's stock valued at $76,000 after buying an additional 399 shares during the last quarter. Cerity Partners LLC grew its stake in Endeavor Group by 5.2% during the 4th quarter. Cerity Partners LLC now owns 11,832 shares of the company's stock valued at $281,000 after purchasing an additional 590 shares in the last quarter. HighTower Advisors LLC increased its holdings in Endeavor Group by 4.7% during the 3rd quarter. HighTower Advisors LLC now owns 16,037 shares of the company's stock worth $319,000 after purchasing an additional 721 shares during the last quarter. Mirador Capital Partners LP increased its holdings in Endeavor Group by 3.8% during the 4th quarter. Mirador Capital Partners LP now owns 20,184 shares of the company's stock worth $479,000 after purchasing an additional 732 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of Endeavor Group by 200.2% during the 4th quarter. Lindbrook Capital LLC now owns 1,540 shares of the company's stock valued at $37,000 after buying an additional 1,027 shares during the last quarter. Hedge funds and other institutional investors own 71.37% of the company's stock.

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.