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

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a research note released on Sunday. The firm issued a hold rating on the stock.

EDR has been the topic of several other research reports. Seaport Res Ptn cut shares of Endeavor Group from a buy rating to a neutral rating in a research note on Tuesday, April 2nd. Evercore ISI reaffirmed an in-line rating and set a $27.50 price target (down previously from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Guggenheim reaffirmed a neutral rating and set a $27.50 price target (down previously from $36.00) 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 reduced their price target for the company from $29.00 to $27.50 in a research report on Monday, April 15th. Finally, UBS Group reaffirmed a neutral rating and set a $27.50 price target (down previously from $31.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Endeavor Group currently has a consensus rating of Hold and an average target price of $29.30.

Endeavor Group Price Performance

EDR opened at $26.50 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $18.35 billion, a P/E ratio of 25.48, a P/E/G ratio of 1.93 and a beta of 0.82. The company’s 50-day simple moving average is $25.14 and its two-hundred day simple moving average is $23.89. Endeavor Group has a 52-week low of $17.65 and a 52-week high of $26.63.

Endeavor Group (NYSE:EDR) last posted 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 net margin of 5.98% and a return on equity of 1.05%. As a group, analysts predict that Endeavor Group will post 1.27 EPS for the current year.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.91%. The ex-dividend date was Thursday, March 14th. Endeavor Group’s dividend payout ratio is 23.08%.

Insiders Place Their Bets

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was acquired at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the purchase, the insider now directly owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Endeavor Group news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was acquired at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the purchase, the insider now directly owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Seth D. Krauss sold 17,950 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total value of $432,236.00. Following the transaction, the chief accounting officer now owns 62,055 shares of the company’s stock, valued at $1,494,284.40. The disclosure for this sale can be found here. Insiders sold 197,465 shares of company stock worth $4,847,868 in the last three months. 82.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Endeavor Group by 29.4% in the third quarter. Vanguard Group Inc. now owns 12,006,491 shares of the company’s stock worth $243,251,000 after buying an additional 2,726,059 shares during the last quarter. Morgan Stanley increased its stake in shares of Endeavor Group by 24.9% during the fourth quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock valued at $303,710,000 after buying an additional 2,689,204 shares during the period. BlackRock Inc. increased its stake in shares of Endeavor Group by 1,060.4% during the third quarter. BlackRock Inc. now owns 2,631,819 shares of the company’s stock valued at $53,321,000 after buying an additional 2,405,024 shares during the period. Mubadala Investment Co PJSC purchased a new position in shares of Endeavor Group during the fourth quarter valued at $52,983,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Endeavor Group by 74.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,836,220 shares of the company’s stock valued at $109,009,000 after buying an additional 2,064,303 shares during the period. 71.37% of the stock is currently owned by 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.