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

StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR - Free Report) in a report published on Thursday morning. The firm issued a hold rating on the stock.

Several other analysts have also weighed in on the company. Seaport Res Ptn lowered Endeavor Group from a buy rating to a neutral rating in a report on Tuesday, April 2nd. Evercore ISI reissued an in-line rating and issued a $27.50 price objective (down from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. JPMorgan Chase & Co. reissued a neutral rating and issued a $27.50 price objective (down from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Jefferies Financial Group reaffirmed a hold rating and set a $27.50 target price (down from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Finally, Citigroup lowered Endeavor Group from a buy rating to a neutral rating and lowered their target price for the company from $29.00 to $27.50 in a report on Monday, April 15th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $28.89.

Endeavor Group Stock Down 0.1 %

Shares of NYSE:EDR traded down $0.02 during trading on Thursday, hitting $26.72. The company's stock had a trading volume of 2,445,920 shares, compared to its average volume of 4,092,006. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $27.01. The stock's 50-day moving average price is $26.17 and its two-hundred day moving average price is $24.87. The company has a market capitalization of $18.50 billion, a PE ratio of 48.62, a PEG ratio of 1.95 and a beta of 0.79.

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

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.90%. Endeavor Group's dividend payout ratio is presently 43.64%.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 6,750 shares of the company's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $26.51, for a total value of $178,942.50. Following the completion of the sale, the chief accounting officer now directly owns 46,600 shares in the company, valued at $1,235,366. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO William K. Fullerton sold 6,750 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now owns 46,600 shares in the company, valued at approximately $1,235,366. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $24.71, for a total value of $514,758.72. Following the sale, the chief financial officer now owns 130,187 shares of the company's stock, valued at approximately $3,216,920.77. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,246 shares of company stock worth $1,798,422. Company insiders own 82.08% of the company's stock.

Institutional Trading of Endeavor Group

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Endeavor Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company's stock valued at $291,559,000 after purchasing an additional 254,550 shares during the period. Morgan Stanley raised its holdings in shares of Endeavor Group by 3.8% during the third quarter. Morgan Stanley now owns 12,278,380 shares of the company's stock worth $244,340,000 after acquiring an additional 454,790 shares in the last quarter. FMR LLC raised its holdings in shares of Endeavor Group by 3.7% during the third quarter. FMR LLC now owns 5,145,883 shares of the company's stock worth $102,403,000 after acquiring an additional 184,212 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Endeavor Group by 5.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,527,575 shares of the company's stock worth $107,439,000 after acquiring an additional 226,724 shares in the last quarter. Finally, Dendur Capital LP raised its holdings in shares of Endeavor Group by 6.6% during the third quarter. Dendur Capital LP now owns 3,612,000 shares of the company's stock worth $71,879,000 after acquiring an additional 225,000 shares in the last quarter. 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.