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

StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a research note published on Friday morning. The firm issued a hold rating on the stock.

Endeavor Group Price Performance

NYSE EDR opened at $28.08 on Friday. Endeavor Group has a 12 month low of $17.65 and a 12 month high of $28.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $19.46 billion, a PE ratio of 51.05 and a beta of 0.77. The company’s 50 day simple moving average is $27.44 and its 200 day simple moving average is $26.75.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS 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 company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.87 billion. As a group, equities research analysts forecast that Endeavor Group will post 1.4 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.06 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.85%. Endeavor Group’s dividend payout ratio (DPR) is 43.64%.

Insiders Place Their Bets

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction that occurred 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 transaction, the chief financial officer now owns 130,187 shares in the company, valued at $3,551,501.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. 63.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after purchasing an additional 399 shares in the last quarter. Arizona State Retirement System grew its position in Endeavor Group by 1.8% during 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 in the last quarter. The Manufacturers Life Insurance Company grew its position in Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after purchasing an additional 1,346 shares in the last quarter. Comerica Bank grew its position in Endeavor Group by 11.7% during the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock worth $451,000 after purchasing an additional 1,832 shares in the last quarter. Finally, Mirador Capital Partners LP grew its position in Endeavor Group by 9.6% during the 1st quarter. Mirador Capital Partners LP now owns 22,125 shares of the company’s stock worth $569,000 after purchasing an additional 1,941 shares in the last quarter. 71.37% of the stock is currently 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.