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

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

Endeavor Group Trading Up 0.1 %

Shares of EDR opened at $29.12 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. Endeavor Group has a 52-week low of $17.65 and a 52-week high of $29.17. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 52.94 and a beta of 0.78. The business’s fifty day moving average is $27.72 and its 200-day moving average is $27.05.

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

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.82%. Endeavor Group’s payout ratio is presently 43.64%.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the 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 directly owns 130,187 shares in the company, valued at approximately $3,551,501.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Ariel Emanuel sold 149,280 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. The trade was 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 stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 197,928 shares of company stock worth $5,542,191. Corporate insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares during the period. Arizona State Retirement System lifted its position in shares of Endeavor Group by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after purchasing an additional 898 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Endeavor Group by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after purchasing an additional 1,346 shares during the last quarter. Mirador Capital Partners LP increased its position in shares of Endeavor Group by 6.7% during the third quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock worth $750,000 after buying an additional 1,655 shares during the period. Finally, Comerica Bank raised its stake in Endeavor Group by 11.7% during the first quarter. Comerica Bank now owns 17,529 shares of the company’s stock worth $451,000 after buying an additional 1,832 shares during the last quarter. Institutional investors own 71.37% of the company’s stock.

Endeavor Group Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Endeavor Group (NYSE:EDR)

Receive News & Ratings for Endeavor Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endeavor Group and related companies with MarketBeat.com's FREE daily email newsletter.