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

StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research note published on Tuesday morning. The brokerage issued a hold rating on the stock.

Endeavor Group Trading Up 0.5 %

Shares of EDR stock opened at $28.89 on Tuesday. Endeavor Group has a 1-year low of $20.81 and a 1-year high of $29.54. The firm has a market cap of $20.02 billion, a PE ratio of 52.53 and a beta of 0.78. The company has a 50-day moving average of $28.23 and a two-hundred day moving average of $27.36. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62.

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

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Monday, September 16th. Endeavor Group’s dividend payout ratio is currently 43.64%.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel sold 27,816 shares of Endeavor Group stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Ariel Emanuel sold 27,816 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $28.01, for a total transaction of $779,126.16. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,293,228.47. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 246,104 shares of company stock worth $6,941,222 over the last three months. Company insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pentwater Capital Management LP lifted its position in shares of Endeavor Group by 457.0% during the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after purchasing an additional 10,830,000 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new position in shares of Endeavor Group during the 2nd quarter worth about $205,038,000. Glazer Capital LLC purchased a new position in shares of Endeavor Group in the 2nd quarter valued at about $49,017,000. Water Island Capital LLC acquired a new stake in shares of Endeavor Group during the 2nd quarter worth about $28,497,000. Finally, Alpine Associates Management Inc. purchased a new stake in Endeavor Group during the second quarter worth approximately $25,462,000. Institutional investors and hedge funds 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.