Endeavor Group (NYSE:EDR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a research note released on Sunday. The firm issued a hold rating on the stock.

Several other equities research analysts have also commented on EDR. JPMorgan Chase & Co. reiterated a neutral rating and issued a $27.50 price objective (down previously from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. Evercore ISI reissued an in-line rating and issued a $27.50 price target (down from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. TD Cowen raised their price objective on shares of Endeavor Group from $28.00 to $30.00 and gave the stock an outperform rating in a report on Monday, March 25th. Jefferies Financial Group reissued a hold rating and set a $27.50 target price (down from $29.00) on shares of Endeavor Group in a research report on Thursday, April 4th. Finally, UBS Group reissued 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. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $29.30.

Endeavor Group Trading Down 0.3 %

NYSE:EDR opened at $26.35 on Friday. Endeavor Group has a one year low of $17.65 and a one year high of $26.63. The company has a market cap of $18.25 billion, a PE ratio of 25.34, a PEG ratio of 1.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50-day moving average of $25.22 and a 200-day moving average of $23.98.

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

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid 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 is currently 23.08%.

Insider Activity

In other news, major shareholder Patrick Whitesell acquired 1,642,970 shares of Endeavor Group stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the transaction, the insider now owns 1,642,970 shares of the company’s stock, valued at $146,240,759.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Seth D. Krauss sold 17,950 shares of the firm’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 $432,236.00. Following the transaction, the chief accounting officer now directly owns 62,055 shares of the company’s stock, valued at $1,494,284.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Whitesell bought 1,642,970 shares of the stock in a transaction dated Tuesday, April 9th. The stock was bought at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the purchase, the insider now owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 176,633 shares of company stock worth $4,317,277. 82.08% of the stock is currently owned by corporate insiders.

Institutional Trading of Endeavor Group

A number of institutional investors have recently made changes to their positions in EDR. Mubadala Investment Co PJSC purchased a new stake in Endeavor Group in the 4th quarter worth approximately $52,983,000. Kodai Capital Management LP purchased a new stake in shares of Endeavor Group in the 4th quarter worth about $24,037,000. National Bank of Canada FI bought a new stake in shares of Endeavor Group during the 4th quarter valued at about $23,345,000. Owl Creek Asset Management L.P. purchased a new stake in Endeavor Group in the fourth quarter worth about $22,419,000. Finally, NewEdge Wealth LLC purchased a new position in shares of Endeavor Group during the 3rd quarter worth approximately $13,885,000. Hedge funds and other 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.