Equities researchers at StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR – Get Free Report) in a report released on Saturday. The brokerage set a “hold” rating on the stock.
Endeavor Group Stock Up 0.8 %
NYSE EDR opened at $28.55 on Friday. The business has a fifty day moving average price of $27.54 and a 200 day moving average price of $26.86. Endeavor Group has a one year low of $17.65 and a one year high of $28.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $19.54 billion, a P/E ratio of 51.91 and a beta of 0.77.
Endeavor Group (NYSE:EDR – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.87 billion. Research analysts anticipate that Endeavor Group will post 1.4 EPS for the current fiscal year.
Insider Buying and Selling at Endeavor Group
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake 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 buying an additional 399 shares during the last quarter. Arizona State Retirement System increased its position in Endeavor Group by 1.8% during the second quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after buying an additional 898 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in 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. Comerica Bank boosted its stake in shares of 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 during the last quarter. Finally, Mirador Capital Partners LP grew its holdings in shares of Endeavor Group by 9.6% during the first quarter. Mirador Capital Partners LP now owns 22,125 shares of the company’s stock worth $569,000 after buying an additional 1,941 shares in the last quarter. Hedge funds and other 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.
Featured Stories
- Five stocks we like better than Endeavor Group
- What is Put Option Volume?
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- Investing in Travel Stocks Benefits
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- Financial Services Stocks Investing
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
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.