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

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

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $29.50 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock has a market cap of $20.19 billion, a PE ratio of -20.48 and a beta of 0.78. The stock’s fifty day simple moving average is $28.42 and its two-hundred day simple moving average is $27.46. Endeavor Group has a 1-year low of $22.64 and a 1-year high of $29.67.

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

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Monday, September 16th. Endeavor Group’s payout ratio is -16.67%.

Insider Buying and Selling

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,458,040.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is owned by company insiders.

Institutional Trading of Endeavor Group

Several hedge funds have recently added to or reduced their stakes in the stock. Longfellow Investment Management Co. LLC purchased a new stake in shares of Endeavor Group during the 2nd quarter worth approximately $75,000. PNC Financial Services Group Inc. increased its position in 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 buying an additional 399 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group in the first quarter worth $102,000. SG Americas Securities LLC bought a new stake in shares of Endeavor Group in the second quarter valued at $130,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Endeavor Group during the 2nd quarter valued at $226,000. 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.