Endeavor Group (NYSE:EDR) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a report issued on Monday morning. The firm issued a hold rating on the stock.

Several other research firms have also recently commented on EDR. JPMorgan Chase & Co. restated a neutral rating and issued a $27.50 target price (down from $30.00) on shares of Endeavor Group in a research report on Friday, April 5th. Seaport Res Ptn lowered Endeavor Group from a buy rating to a neutral rating in a research note on Tuesday, April 2nd. Evercore ISI reaffirmed an in-line rating and set a $27.50 price target (down from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. UBS Group reaffirmed a neutral rating and set a $27.50 price target (down from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Finally, TD Cowen increased their price target on Endeavor Group from $28.00 to $30.00 and gave the company an outperform rating in a research note on Monday, March 25th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Endeavor Group currently has a consensus rating of Hold and a consensus price target of $28.89.

Endeavor Group Price Performance

EDR opened at $26.84 on Monday. Endeavor Group has a 12 month low of $17.65 and a 12 month high of $27.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $18.60 billion, a P/E ratio of 48.80, a P/E/G ratio of 1.77 and a beta of 0.78. The stock’s 50 day moving average price is $26.64 and its 200 day moving average price is $25.26.

Endeavor Group (NYSE:EDR) last posted its earnings results on Thursday, May 9th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.23 by $0.50. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. As a group, research analysts predict that Endeavor Group will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, June 14th. Endeavor Group’s dividend payout ratio is presently 43.64%.

Insider Transactions at Endeavor Group

In related news, major shareholder Patrick Whitesell acquired 1,642,970 shares of Endeavor Group stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the purchase, the insider now directly owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Endeavor Group news, major shareholder Patrick Whitesell bought 1,642,970 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the transaction, the insider now directly owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $26.51, for a total value of $178,942.50. Following the completion of the sale, the chief accounting officer now directly owns 46,600 shares of the company’s stock, valued at approximately $1,235,366. The disclosure for this sale can be found here. Insiders sold a total of 69,246 shares of company stock valued at $1,843,419 in the last three months. 63.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Endeavor Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Endeavor Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock worth $291,559,000 after buying an additional 254,550 shares during the period. Morgan Stanley raised its holdings in shares of Endeavor Group by 3.8% during the third quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock worth $244,340,000 after acquiring an additional 454,790 shares in the last quarter. FMR LLC raised its holdings in shares of Endeavor Group by 3.7% during the third quarter. FMR LLC now owns 5,145,883 shares of the company’s stock worth $102,403,000 after acquiring an additional 184,212 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Endeavor Group by 5.3% during the fourth 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, Dendur Capital LP raised its holdings in shares of Endeavor Group by 6.6% during the third quarter. Dendur Capital LP now owns 3,612,000 shares of the company’s stock worth $71,879,000 after acquiring an additional 225,000 shares in the last quarter. Institutional investors and hedge funds 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.