Endeavor Group (NYSE:EDR) Coverage Initiated by Analysts at StockNews.com

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

Several other equities research analysts also recently commented on the stock. Seaport Res Ptn downgraded shares of Endeavor Group from a buy rating to a neutral rating in a research note on Tuesday, April 2nd. Guggenheim reiterated a neutral rating and set a $27.50 price objective (down from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Jefferies Financial Group restated 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. TD Cowen boosted their target price on shares of Endeavor Group from $28.00 to $30.00 and gave the company an outperform rating in a research report on Monday, March 25th. Finally, UBS Group restated a neutral rating and set a $27.50 target price (down from $31.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $28.89.

Endeavor Group Price Performance

Shares of EDR opened at $26.84 on Monday. Endeavor Group has a twelve month low of $17.65 and a twelve month high of $27.01. The company has a 50 day moving average of $26.66 and a two-hundred day moving average of $25.29. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. The company has a market cap of $18.60 billion, a price-to-earnings ratio of 48.80 and a beta of 0.78.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.23 by $0.50. Endeavor Group had a net margin of 3.40% and a return on equity of 2.86%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.93 billion. As a group, analysts predict that Endeavor Group will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, June 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.89%. Endeavor Group’s dividend payout ratio is currently 43.64%.

Insider Buying and Selling

In related news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $26.87, for a total transaction of $559,755.84. Following the transaction, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,498,124.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Patrick Whitesell bought 1,642,970 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were bought at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the acquisition, the insider now directly owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $26.87, for a total transaction of $559,755.84. Following the completion of the transaction, the chief financial officer now owns 130,187 shares in the company, valued at $3,498,124.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,246 shares of company stock worth $1,843,419. 63.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new position in Endeavor Group in the 1st quarter valued at about $102,000. Comerica Bank boosted its holdings in Endeavor Group by 11.7% in the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock valued at $451,000 after purchasing an additional 1,832 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Endeavor Group by 8.8% in the 1st quarter. California State Teachers Retirement System now owns 162,293 shares of the company’s stock worth $4,176,000 after acquiring an additional 13,120 shares during the last quarter. Levin Capital Strategies L.P. lifted its holdings in shares of Endeavor Group by 51.3% in the 1st quarter. Levin Capital Strategies L.P. now owns 30,251 shares of the company’s stock worth $778,000 after acquiring an additional 10,251 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new position in shares of Endeavor Group in the 1st quarter worth approximately $338,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Company Profile

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.