Endeavor Group (NYSE:EDR) Earns Hold Rating from Analysts at StockNews.com

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

Endeavor Group Price Performance

EDR stock traded down $0.07 on Thursday, hitting $28.92. 142,103 shares of the company’s stock traded hands, compared to its average volume of 3,543,387. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of -20.13 and a beta of 0.77. Endeavor Group has a 1-year low of $22.64 and a 1-year high of $29.67. The stock has a fifty day moving average of $28.54 and a 200-day moving average of $27.53. 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 released its quarterly earnings data on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.87 billion. On average, analysts forecast that Endeavor Group will post 1.4 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Monday, September 16th. Endeavor Group’s dividend payout ratio is presently -16.67%.

Insiders Place Their Bets

In other Endeavor Group 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 transaction of $779,126.16. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders sold a total of 225,272 shares of company stock worth $6,372,925 over the last ninety days. 63.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors have recently bought and sold shares of EDR. Swiss National Bank lifted its position in shares of Endeavor Group by 8.1% in the 1st quarter. Swiss National Bank now owns 356,000 shares of the company’s stock worth $9,160,000 after acquiring an additional 26,800 shares during the period. Sei Investments Co. acquired a new position in shares of Endeavor Group in the 1st quarter valued at $644,000. Gabelli Funds LLC lifted its holdings in shares of Endeavor Group by 125.0% during the 1st quarter. Gabelli Funds LLC now owns 71,899 shares of the company’s stock worth $1,850,000 after acquiring an additional 39,950 shares during the period. Davide Leone & Partners Investment Co Ltd. boosted its position in shares of Endeavor Group by 81.0% during the 2nd quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock valued at $22,947,000 after acquiring an additional 380,000 shares in the last quarter. Finally, JBF Capital Inc. bought a new stake in Endeavor Group in the second quarter valued at about $622,000. 71.37% of the stock is currently owned by institutional investors.

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.