Endeavor Group (NYSE:EDR) Now Covered by Analysts at TD Cowen

TD Cowen began coverage on shares of Endeavor Group (NYSE:EDR) in a report issued on Tuesday morning, MarketBeat reports. The firm issued an outperform rating and a $28.00 price objective on the stock.

EDR has been the topic of a number of other research reports. StockNews.com initiated coverage on shares of Endeavor Group in a report on Wednesday, August 23rd. They issued a buy rating on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Endeavor Group from $33.00 to $35.00 in a report on Wednesday, August 9th. Finally, Morgan Stanley lowered their target price on shares of Endeavor Group from $32.00 to $30.00 and set an overweight rating on the stock in a report on Tuesday, July 18th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of Buy and an average price target of $32.00.

Endeavor Group Price Performance

Shares of NYSE EDR opened at $21.44 on Tuesday. Endeavor Group has a twelve month low of $18.58 and a twelve month high of $26.26. The stock’s 50 day moving average price is $23.39 and its 200-day moving average price is $23.40. The company has a market capitalization of $15.11 billion, a PE ratio of 38.29, a PEG ratio of 1.42 and a beta of 0.90. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.30.

Endeavor Group (NYSE:EDR) last announced its earnings results on Tuesday, August 8th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.56). Endeavor Group had a negative return on equity of 1.18% and a net margin of 3.54%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. On average, equities analysts anticipate that Endeavor Group will post 1.02 EPS for the current year.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.12%. Endeavor Group’s payout ratio is 42.86%.

Insider Buying and Selling at Endeavor Group

In other news, insider Mark S. Shapiro sold 229,032 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $24.66, for a total value of $5,647,929.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Mark S. Shapiro sold 229,032 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $24.66, for a total value of $5,647,929.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ariel Emanuel sold 236,487 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $24.09, for a total transaction of $5,696,971.83. Following the completion of the transaction, the chief executive officer now owns 279,597 shares of the company’s stock, valued at $6,735,491.73. The disclosure for this sale can be found here. Insiders have sold 702,045 shares of company stock valued at $17,050,402 in the last 90 days. 82.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EDR. Morgan Stanley boosted its position in Endeavor Group by 24.9% during the fourth quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock valued at $303,710,000 after buying an additional 2,689,204 shares during the period. Vanguard Group Inc. raised its stake in shares of Endeavor Group by 29.4% during the third quarter. Vanguard Group Inc. now owns 12,006,491 shares of the company’s stock valued at $243,251,000 after acquiring an additional 2,726,059 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Endeavor Group by 33.1% during the first quarter. Ameriprise Financial Inc. now owns 10,985,580 shares of the company’s stock valued at $262,885,000 after acquiring an additional 2,734,771 shares during the last quarter. Millennium Management LLC raised its stake in shares of Endeavor Group by 6.4% during the fourth quarter. Millennium Management LLC now owns 7,114,037 shares of the company’s stock valued at $160,350,000 after acquiring an additional 429,390 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Endeavor Group by 53.6% during the second quarter. JPMorgan Chase & Co. now owns 6,297,930 shares of the company’s stock valued at $150,646,000 after acquiring an additional 2,196,409 shares during the last quarter. 43.70% of the stock is currently owned by hedge funds and other institutional investors.

About Endeavor Group

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.