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

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

Other equities analysts have also recently issued reports about the company. Piper Sandler cut Endeavor Group from a strong-buy rating to a hold rating in a report on Monday, May 13th. Citigroup cut Endeavor Group from a buy rating to a neutral rating and decreased their target price for the stock from $29.00 to $27.50 in a report on Monday, April 15th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $27.86.

Endeavor Group Stock Performance

Shares of NYSE EDR opened at $27.48 on Friday. 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 stock has a market capitalization of $19.04 billion, a price-to-earnings ratio of 49.96 and a beta of 0.78. The stock’s fifty day simple moving average is $27.15 and its 200 day simple moving average is $26.15. Endeavor Group has a 52-week low of $17.65 and a 52-week high of $27.62.

Endeavor Group Announces Dividend

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

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $26.87, for a total value of $559,755.84. Following the transaction, the chief financial officer now owns 130,187 shares in the company, valued at $3,498,124.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Endeavor Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 13,683,577 shares of the company’s stock valued at $352,078,000 after purchasing an additional 219,384 shares in the last quarter. Pentwater Capital Management LP boosted its stake in shares of Endeavor Group by 457.0% during the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after acquiring an additional 10,830,000 shares in the last quarter. Davidson Kempner Capital Management LP bought a new stake in shares of Endeavor Group during the 2nd quarter worth about $205,038,000. Clearbridge Investments LLC boosted its stake in shares of Endeavor Group by 5.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,527,575 shares of the company’s stock worth $107,439,000 after acquiring an additional 226,724 shares in the last quarter. Finally, Steadfast Capital Management LP boosted its stake in shares of Endeavor Group by 17.9% during the 1st quarter. Steadfast Capital Management LP now owns 2,523,860 shares of the company’s stock worth $64,939,000 after acquiring an additional 384,000 shares in the last quarter. 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.