Endeavor Group (NYSE:EDR) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research report report published on Friday. The firm issued a hold rating on the stock.

A number of other brokerages have also recently commented on EDR. Citigroup cut Endeavor Group from a buy rating to a neutral rating and decreased their price target for the stock from $29.00 to $27.50 in a research note on Monday, April 15th. JPMorgan Chase & Co. reissued a neutral rating and set a $27.50 target price (down from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. Seaport Res Ptn cut Endeavor Group from a buy rating to a neutral rating in a research note on Tuesday, April 2nd. UBS Group reissued a neutral rating and set a $27.50 target price (down from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group reissued a hold rating and set a $27.50 target price (down from $29.00) on shares of Endeavor Group in a research note on Thursday, April 4th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Endeavor Group presently has a consensus rating of Hold and an average target price of $28.75.

Endeavor Group Stock Performance

NYSE:EDR opened at $27.26 on Friday. The business has a 50 day moving average of $27.00 and a 200 day moving average of $25.85. The company has a market capitalization of $18.89 billion, a price-to-earnings ratio of 49.56 and a beta of 0.78. Endeavor Group has a 1-year low of $17.65 and a 1-year high of $27.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.50. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. On average, sell-side analysts predict that Endeavor Group will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.06 per share. The ex-dividend date was Friday, June 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.88%. Endeavor Group’s dividend payout ratio is presently 43.64%.

Insider Activity at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 6,750 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 46,600 shares of the company’s stock, valued at $1,235,366. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $26.87, for a total transaction of $559,755.84. Following the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,498,124.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO William K. Fullerton sold 6,750 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $26.51, for a total value of $178,942.50. Following the sale, the chief accounting officer now owns 46,600 shares of the company’s stock, valued at approximately $1,235,366. The disclosure for this sale can be found here. Insiders have sold 48,414 shares of company stock worth $1,290,955 over the last ninety days. 63.90% of the stock is owned by corporate insiders.

Institutional Trading of Endeavor Group

Hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC increased its position in Endeavor Group by 200.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after acquiring an additional 1,027 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after acquiring an additional 399 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group during the first quarter valued at $102,000. SG Americas Securities LLC purchased a new stake in Endeavor Group during the second quarter valued at $130,000. Finally, Quest Partners LLC purchased a new stake in Endeavor Group during the fourth quarter valued at $177,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

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.