StockNews.com Begins Coverage on Endeavor Group (NYSE:EDR)

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

Endeavor Group Stock Performance

Shares of EDR opened at $27.60 on Thursday. The company’s 50 day simple moving average is $27.41 and its 200-day simple moving average is $26.65. The firm has a market cap of $19.12 billion, a PE ratio of 50.18 and a beta of 0.77. Endeavor Group has a 12-month low of $17.65 and a 12-month high of $27.65. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings results 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 business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. As a group, equities analysts predict that Endeavor Group will post 1.4 EPS for the current year.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, September 16th. Endeavor Group’s dividend payout ratio is presently 43.64%.

Insiders Place Their Bets

In other news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 63.90% of the stock is owned by insiders.

Institutional Trading of Endeavor Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Longfellow Investment Management Co. LLC purchased a new position in Endeavor Group during the second quarter worth about $75,000. PNC Financial Services Group Inc. increased its position in Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after purchasing an additional 399 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Endeavor Group during the 1st quarter worth approximately $102,000. SG Americas Securities LLC acquired a new stake in shares of Endeavor Group in the 2nd quarter valued at approximately $130,000. Finally, Quest Partners LLC purchased a new stake in shares of Endeavor Group in the fourth quarter valued at approximately $177,000. 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.