Endeavor Group (NYSE:EDR) Reaches New 52-Week High – Time to Buy?

Endeavor Group Holdings, Inc. (NYSE:EDR)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $30.65 and last traded at $30.65, with a volume of 3898 shares trading hands. The stock had previously closed at $30.38.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Endeavor Group in a research note on Sunday, December 1st. They set a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.86.

Endeavor Group Price Performance

The company has a market cap of $20.86 billion, a price-to-earnings ratio of -14.82 and a beta of 0.76. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average price is $29.33 and its 200 day moving average price is $27.98.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a $0.06 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. Endeavor Group’s payout ratio is -11.71%.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at $53,179,412.88. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 225,272 shares of company stock valued at $6,372,925. Corporate insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Institutional investors have recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC purchased a new stake in Endeavor Group during the second quarter valued at about $75,000. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group during the first quarter valued at about $102,000. SG Americas Securities LLC acquired a new position in shares of Endeavor Group in the 2nd quarter valued at about $130,000. FMR LLC increased its holdings in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in Endeavor Group in the second quarter worth approximately $226,000. 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.