Endeavor Group Holdings, Inc. (NYSE:EDR) Receives Average Recommendation of “Hold” from Brokerages

Endeavor Group Holdings, Inc. (NYSE:EDR) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $28.89.

EDR has been the topic of several recent research reports. Guggenheim reissued a “neutral” rating and set a $27.50 price objective (down previously from $36.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. StockNews.com assumed coverage on Endeavor Group in a report on Monday, June 24th. They set a “hold” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $27.50 price target (down previously from $29.00) on shares of Endeavor Group in a research note on Thursday, April 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $27.50 price target (down previously from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. Finally, Seaport Res Ptn lowered Endeavor Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 2nd.

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $27.03 on Friday. Endeavor Group has a 1-year low of $17.65 and a 1-year high of $27.05. The firm has a market capitalization of $18.73 billion, a PE ratio of 49.15 and a beta of 0.78. The business’s 50 day moving average is $26.68 and its 200-day moving average is $25.33. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44.

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

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Friday, June 14th. Endeavor Group’s dividend payout ratio is currently 43.64%.

Insiders Place Their Bets

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 1,642,970 shares of Endeavor Group stock in a transaction on Tuesday, April 9th. The shares were bought at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the purchase, the insider now owns 1,642,970 shares in the company, valued at $146,240,759.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Jason Lublin sold 20,832 shares of the business’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 completion of the sale, the chief financial officer now owns 130,187 shares in the company, valued at $3,498,124.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell bought 1,642,970 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the transaction, the insider now owns 1,642,970 shares of the company’s stock, valued at $146,240,759.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 69,246 shares of company stock valued at $1,843,419. 63.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors and hedge funds have recently made changes to their positions in EDR. Lindbrook Capital LLC increased its holdings in Endeavor Group by 200.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after purchasing an additional 1,027 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Endeavor Group by 14.2% in 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 during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Endeavor Group in the first quarter valued at about $102,000. Quest Partners LLC bought a new stake in Endeavor Group in the fourth quarter valued at about $177,000. Finally, Algert Global LLC bought a new stake in Endeavor Group in the third quarter valued at about $246,000. 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.