Endeavor Group (NYSE:EDR) Reaches New 1-Year High – Here’s What Happened

Endeavor Group Holdings, Inc. (NYSE:EDR) hit a new 52-week high on Monday . The company traded as high as $29.17 and last traded at $29.09, with a volume of 1568669 shares changing hands. The stock had previously closed at $28.99.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Endeavor Group in a report on Sunday. They issued a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Endeavor Group currently has a consensus rating of “Hold” and an average target price of $27.86.

Endeavor Group Stock Up 0.4 %

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 50-day moving average of $27.75 and a 200-day moving average of $27.08. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 53.15 and a beta of 0.78.

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

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.06 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. Endeavor Group’s dividend payout ratio (DPR) is 43.64%.

Insider Activity

In other news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the sale, the chief financial officer now owns 130,187 shares in the company, valued at $3,551,501.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Ariel Emanuel sold 27,816 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $28.01, for a total transaction of $779,126.16. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,928 shares of company stock worth $5,542,191 over the last 90 days. 63.90% of the stock is currently owned by company insiders.

Institutional Trading of Endeavor Group

Several large investors have recently made changes to their positions in EDR. Mirador Capital Partners LP boosted its stake in Endeavor Group by 6.7% during the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after purchasing an additional 1,655 shares during the period. Bardin Hill Management Partners LP increased its holdings in Endeavor Group by 23.1% during the 2nd quarter. Bardin Hill Management Partners LP now owns 673,889 shares of the company’s stock valued at $18,215,000 after purchasing an additional 126,237 shares in the last quarter. Bluefin Capital Management LLC increased its holdings in Endeavor Group by 138.0% during the 2nd quarter. Bluefin Capital Management LLC now owns 50,000 shares of the company’s stock valued at $1,352,000 after purchasing an additional 181,421 shares in the last quarter. Maven Securities LTD acquired a new stake in Endeavor Group during the 2nd quarter valued at $2,268,000. Finally, Water Island Capital LLC bought a new position in Endeavor Group in the 2nd quarter valued at $28,497,000. 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.