Endeavor Group (NYSE:EDR) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Endeavor Group (NYSE:EDRGet Rating) from a buy rating to a hold rating in a research note published on Friday.

Other equities analysts have also recently issued reports about the stock. The Goldman Sachs Group upgraded shares of Endeavor Group from a neutral rating to a buy rating and decreased their price target for the company from $30.00 to $29.00 in a research report on Tuesday, May 17th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Endeavor Group from $39.00 to $40.00 in a research note on Friday, May 13th. Morgan Stanley reduced their price objective on shares of Endeavor Group from $40.00 to $38.00 and set an overweight rating on the stock in a research note on Wednesday, March 30th. Citigroup reduced their price objective on shares of Endeavor Group from $34.00 to $25.00 in a research note on Wednesday, May 4th. Finally, Credit Suisse Group upped their price objective on shares of Endeavor Group from $37.00 to $45.00 and gave the company an outperform rating in a research note on Monday, March 14th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Endeavor Group has a consensus rating of Buy and a consensus price target of 34.00.

Shares of NYSE EDR opened at 20.27 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.71 and a current ratio of 1.71. Endeavor Group has a 52-week low of 17.42 and a 52-week high of 35.28. The firm has a 50 day moving average price of 22.38 and a two-hundred day moving average price of 27.69. The stock has a market cap of $14.29 billion, a P/E ratio of 2,029.03 and a beta of 1.04.

Endeavor Group (NYSE:EDRGet Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported 0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.31 by 0.42. Endeavor Group had a net margin of 0.42% and a return on equity of 11.32%. The firm had revenue of 1.47 billion during the quarter, compared to analysts’ expectations of 1.28 billion. Analysts predict that Endeavor Group will post 1.15 earnings per share for the current fiscal year.

In other Endeavor Group news, insider Seth D. Krauss sold 4,284 shares of the firm’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of 19.08, for a total value of 81,738.72. Following the transaction, the insider now directly owns 28,880 shares of the company’s stock, valued at 551,030.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Lublin sold 30,840 shares of the firm’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of 19.25, for a total transaction of 593,670.00. Following the completion of the transaction, the chief financial officer now directly owns 46,510 shares in the company, valued at 895,317.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 677,295 shares of company stock worth $13,429,991. 0.60% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in EDR. Cantillon Capital Management LLC bought a new position in shares of Endeavor Group in the fourth quarter valued at $119,510,000. Partners Group Holding AG purchased a new stake in shares of Endeavor Group in the fourth quarter valued at about $85,519,000. MIC Capital Management UK LLP purchased a new stake in shares of Endeavor Group in the fourth quarter valued at about $79,676,000. Solstein Capital LLC raised its holdings in shares of Endeavor Group by 2,852.0% in the first quarter. Solstein Capital LLC now owns 1,156,033 shares of the company’s stock valued at $1,156,000 after purchasing an additional 1,116,872 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Endeavor Group by 102.2% in the fourth quarter. Alliancebernstein L.P. now owns 1,867,800 shares of the company’s stock valued at $65,168,000 after purchasing an additional 943,866 shares during the last quarter. 52.95% of the stock is currently owned by hedge funds and other institutional investors.

About Endeavor Group (Get Rating)

Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.

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