Equities researchers at StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR – Get Free Report) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.
Endeavor Group Stock Down 0.3 %
Shares of NYSE:EDR opened at $29.20 on Tuesday. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 53.08 and a beta of 0.78. Endeavor Group has a 12-month low of $17.67 and a 12-month high of $29.54. The business has a 50-day moving average price of $28.14 and a 200 day moving average price of $27.32. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.
Endeavor Group (NYSE:EDR – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. Sell-side analysts expect that Endeavor Group will post 1.4 EPS for the current year.
Insider Activity
Institutional Investors Weigh In On Endeavor Group
Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in shares of Endeavor Group by 14.2% during the fourth 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 in the last quarter. Arizona State Retirement System lifted its stake in Endeavor Group by 1.8% in the second quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after acquiring an additional 898 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Endeavor Group by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after acquiring an additional 1,346 shares during the last quarter. Mirador Capital Partners LP grew its holdings in Endeavor Group by 6.7% during the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock worth $750,000 after acquiring an additional 1,655 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Endeavor Group by 11.7% in the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock valued at $451,000 after purchasing an additional 1,832 shares during the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.
About Endeavor Group
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.
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