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

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

A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. restated a neutral rating and set a $27.50 price objective (down previously from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. Jefferies Financial Group restated a hold rating and issued a $27.50 price target (down previously from $29.00) on shares of Endeavor Group in a research note on Thursday, April 4th. TD Cowen upped their price target on shares of Endeavor Group from $28.00 to $30.00 and gave the company an outperform rating in a report on Monday, March 25th. Seaport Res Ptn lowered shares of Endeavor Group from a buy rating to a neutral rating in a report on Tuesday, April 2nd. Finally, Evercore ISI restated an in-line rating and issued a $27.50 target price (down previously from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Endeavor Group presently has a consensus rating of Hold and a consensus price target of $29.30.

Endeavor Group Stock Performance

EDR opened at $26.47 on Tuesday. The firm’s 50 day moving average is $25.65 and its 200-day moving average is $24.44. Endeavor Group has a 52-week low of $17.65 and a 52-week high of $26.63. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $18.33 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.93 and a beta of 0.79.

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

Endeavor Group Announces Dividend

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

Insider Activity

In related news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were acquired at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the acquisition, the insider now owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Endeavor Group news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were bought at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the acquisition, the insider now owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Lublin sold 46,419 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,117,769.52. Following the completion of the sale, the chief financial officer now directly owns 112,457 shares of the company’s stock, valued at approximately $2,707,964.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 183,383 shares of company stock valued at $4,496,219. 82.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Endeavor Group

Several large investors have recently made changes to their positions in EDR. PNC Financial Services Group Inc. boosted its holdings in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after buying an additional 399 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Endeavor Group by 5.2% during the 4th quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock worth $281,000 after acquiring an additional 590 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Endeavor Group by 4.7% in the 3rd quarter. HighTower Advisors LLC now owns 16,037 shares of the company’s stock worth $319,000 after acquiring an additional 721 shares during the last quarter. Mirador Capital Partners LP raised its position in shares of Endeavor Group by 3.8% during the fourth quarter. Mirador Capital Partners LP now owns 20,184 shares of the company’s stock worth $479,000 after purchasing an additional 732 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in shares of Endeavor Group by 200.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after purchasing an additional 1,027 shares during the last quarter. Institutional investors own 71.37% of the company’s stock.

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.