Endeavor Group (NYSE:EDR) Earns Hold Rating from Analysts at StockNews.com

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

Separately, Piper Sandler lowered Endeavor Group from a strong-buy rating to a hold rating in a research report on Monday, May 13th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Endeavor Group presently has a consensus rating of Hold and an average target price of $27.86.

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $27.49 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $19.05 billion, a price-to-earnings ratio of 49.98 and a beta of 0.78. The firm has a fifty day moving average price of $27.21 and a 200 day moving average price of $26.23. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $27.62.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, June 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%. Endeavor Group’s dividend payout ratio is presently 43.64%.

Insider Activity at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $26.87, for a total transaction of $559,755.84. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,498,124.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 63.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank boosted its position in Endeavor Group by 8.1% in the 1st quarter. Swiss National Bank now owns 356,000 shares of the company’s stock valued at $9,160,000 after buying an additional 26,800 shares during the period. Sei Investments Co. bought a new position in Endeavor Group in the first quarter worth approximately $644,000. Gabelli Funds LLC increased its holdings in Endeavor Group by 125.0% during the 1st quarter. Gabelli Funds LLC now owns 71,899 shares of the company’s stock worth $1,850,000 after purchasing an additional 39,950 shares during the period. Caxton Associates LP bought a new stake in Endeavor Group during the 4th quarter valued at $2,373,000. Finally, Cowen AND Company LLC purchased a new stake in shares of Endeavor Group in the 4th quarter worth $5,932,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

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.