Endeavor Group (NYSE:EDR) Trading Down 5.7% – Should You Sell?

Endeavor Group Holdings, Inc. (NYSE:EDR)’s share price dropped 5.7% during mid-day trading on Tuesday . The company traded as low as $34.17 and last traded at $33.16. Approximately 29,258 shares traded hands during trading, a decline of 99% from the average daily volume of 1,985,523 shares. The stock had previously closed at $35.17.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn downgraded shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.86.

Endeavor Group Stock Performance

The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $31.39 and a two-hundred day moving average price of $29.60. The stock has a market capitalization of $21.15 billion, a P/E ratio of -15.08 and a beta of 0.74.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is -11.71%.

Insider Activity

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 263,200 shares of Endeavor Group stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the transaction, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. This trade represents a 169.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William K. Fullerton sold 2,225 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the transaction, the chief accounting officer now owns 53,124 shares in the company, valued at approximately $1,624,531.92. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased 1,535,485 shares of company stock worth $239,160,243 in the last quarter. 63.90% of the stock is owned by corporate insiders.

Institutional Trading of Endeavor Group

Several institutional investors and hedge funds have recently modified their holdings of EDR. Kapitalo Investimentos Ltda purchased a new stake in Endeavor Group in the 4th quarter valued at $51,000. Blue Trust Inc. boosted its holdings in Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after purchasing an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Endeavor Group in the 4th quarter worth about $96,000. BNP Paribas Financial Markets purchased a new stake in Endeavor Group in the 4th quarter valued at about $120,000. Finally, FMR LLC boosted its stake in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after buying an additional 2,248 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

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.