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

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

Endeavor Group Price Performance

EDR stock opened at $28.56 on Friday. The firm has a market cap of $19.79 billion, a price-to-earnings ratio of 51.93 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Endeavor Group has a 12-month low of $17.65 and a 12-month high of $28.62. The company’s fifty day simple moving average is $27.56 and its 200 day simple moving average is $26.92.

Endeavor Group (NYSE:EDR) last released its 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 company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. On average, analysts expect that Endeavor Group will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.06 per share. The ex-dividend date was Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.84%. Endeavor Group’s dividend payout ratio (DPR) is 43.64%.

Insider Activity at Endeavor Group

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $27.28, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction on Monday, July 29th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 in the company, valued at approximately $51,293,228.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,928 shares of company stock worth $5,542,191. 63.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds have recently bought and sold shares of the business. Bardin Hill Management Partners LP raised its stake in Endeavor Group by 23.1% during the second quarter. Bardin Hill Management Partners LP now owns 673,889 shares of the company’s stock valued at $18,215,000 after purchasing an additional 126,237 shares in the last quarter. Bluefin Capital Management LLC raised its stake in Endeavor Group by 138.0% during the second quarter. Bluefin Capital Management LLC now owns 50,000 shares of the company’s stock valued at $1,352,000 after purchasing an additional 181,421 shares in the last quarter. Maven Securities LTD purchased a new stake in Endeavor Group during the second quarter valued at $2,268,000. Water Island Capital LLC purchased a new stake in Endeavor Group during the second quarter valued at $28,497,000. Finally, Lighthouse Investment Partners LLC bought a new position in Endeavor Group during the second quarter valued at $316,000. 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.