Endeavor Group (NYSE:EDR) Now Covered by Analysts at StockNews.com

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

Several other research analysts have also commented on the stock. Jefferies Financial Group restated a hold rating and set a $27.50 price target (down previously from $29.00) on shares of Endeavor Group in a research note on Thursday, April 4th. UBS Group reaffirmed a neutral rating and set a $27.50 price objective (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. JPMorgan Chase & Co. reaffirmed a neutral rating and set a $27.50 price objective (down from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Seaport Res Ptn downgraded shares of Endeavor Group from a buy rating to a neutral rating in a report on Tuesday, April 2nd. Finally, Guggenheim reaffirmed a neutral rating and set a $27.50 price objective (down from $36.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $29.85.

Endeavor Group Stock Performance

Shares of EDR opened at $26.41 on Friday. The company’s fifty day moving average is $24.92 and its 200-day moving average is $23.64. Endeavor Group has a 12 month low of $17.65 and a 12 month high of $26.63. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.55 billion. Equities analysts expect that Endeavor Group will post 1.27 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s dividend payout ratio (DPR) is presently 23.08%.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $25.47, for a total value of $530,591.04. Following the completion of the sale, the chief financial officer now directly owns 55,705 shares of the company’s stock, valued at approximately $1,418,806.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $25.47, for a total transaction of $530,591.04. Following the completion of the transaction, the chief financial officer now directly owns 55,705 shares of the company’s stock, valued at approximately $1,418,806.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell acquired 1,642,970 shares of Endeavor Group stock in a transaction dated Tuesday, April 9th. The shares were acquired at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the acquisition, the insider now directly owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The disclosure for this purchase can be found here. Insiders sold a total of 198,613 shares of company stock valued at $4,874,524 in the last ninety days. Company insiders own 82.08% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently made changes to their positions in EDR. Raymond James & Associates lifted its holdings in shares of Endeavor Group by 20.9% during the 1st quarter. Raymond James & Associates now owns 52,291 shares of the company’s stock worth $1,544,000 after acquiring an additional 9,034 shares during the period. BlackRock Inc. increased its position in shares of Endeavor Group by 2,528.7% during the 1st quarter. BlackRock Inc. now owns 22,423 shares of the company’s stock worth $663,000 after purchasing an additional 21,570 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Endeavor Group during the 1st quarter worth about $475,000. Vanguard Group Inc. increased its position in shares of Endeavor Group by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 10,031,273 shares of the company’s stock worth $296,123,000 after purchasing an additional 70,123 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Endeavor Group by 10.3% during the 1st quarter. Clearbridge Investments LLC now owns 2,512,064 shares of the company’s stock worth $74,156,000 after purchasing an additional 233,683 shares in the last quarter. 71.37% of the stock is owned by institutional investors.

About Endeavor Group

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.