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

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

Endeavor Group Price Performance

Shares of NYSE EDR opened at $29.23 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $20.25 billion, a PE ratio of 53.15 and a beta of 0.78. The business has a 50-day simple moving average of $27.79 and a two-hundred day simple moving average of $27.09. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $29.25.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. As a group, equities analysts expect that Endeavor Group will post 1.4 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, September 16th. Endeavor Group’s payout ratio is 43.64%.

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 27,816 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,293,228.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Ariel Emanuel sold 27,816 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,293,228.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 246,104 shares of company stock worth $6,941,222 over the last three months. 63.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EDR. Bank of Nova Scotia purchased a new position in Endeavor Group during the fourth quarter valued at approximately $380,000. Gabelli Funds LLC purchased a new position in Endeavor Group during the fourth quarter valued at approximately $758,000. Owl Creek Asset Management L.P. purchased a new position in Endeavor Group during the fourth quarter valued at approximately $22,419,000. Caxton Associates LP purchased a new position in Endeavor Group during the fourth quarter valued at approximately $2,373,000. Finally, Twin Securities Inc. purchased a new position in Endeavor Group during the fourth quarter valued at approximately $8,934,000. 71.37% of the stock is currently owned by hedge funds and other 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.