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

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

Endeavor Group Stock Up 0.3 %

Endeavor Group stock opened at $29.36 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $20.34 billion, a PE ratio of 53.38 and a beta of 0.78. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $29.38. The firm’s 50-day simple moving average is $28.03 and its 200 day simple moving average is $27.23.

Endeavor Group (NYSE:EDR) last released its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.06). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. Research analysts predict that Endeavor Group will post 1.4 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, September 16th. Endeavor Group’s dividend payout ratio (DPR) is currently 43.64%.

Insider Buying and Selling

In related news, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 246,104 shares of company stock worth $6,941,222. Insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

Several institutional investors and hedge funds have recently made changes to their positions in EDR. PNC Financial Services Group Inc. raised 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 purchasing an additional 399 shares in the last quarter. Kapitalo Investimentos Ltda lifted its position in Endeavor Group by 193.7% in the 4th quarter. Kapitalo Investimentos Ltda now owns 13,135 shares of the company’s stock worth $312,000 after buying an additional 8,662 shares during the last quarter. Renaissance Capital LLC boosted its stake in Endeavor Group by 3.0% in the first quarter. Renaissance Capital LLC now owns 103,926 shares of the company’s stock worth $2,674,000 after buying an additional 3,019 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in Endeavor Group during the first quarter valued at approximately $267,000. Finally, Mirador Capital Partners LP raised its stake in shares of Endeavor Group by 9.6% during the first quarter. Mirador Capital Partners LP now owns 22,125 shares of the company’s stock worth $569,000 after acquiring an additional 1,941 shares in 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.