Endeavor Group Holdings, Inc. (NYSE:EDR) Receives $27.86 Consensus Target Price from Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have earned an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $27.86.

Separately, StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th.

Insider Activity

In other news, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the sale, the chief accounting officer now owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. This represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell acquired 60,208 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the insider now owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 63.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Davidson Kempner Capital Management LP bought a new position in shares of Endeavor Group during the 2nd quarter worth approximately $205,038,000. Athos Capital Ltd boosted its stake in Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after acquiring an additional 4,447,000 shares in the last quarter. Glazer Capital LLC acquired a new stake in Endeavor Group in the second quarter worth $49,017,000. Polar Asset Management Partners Inc. grew its holdings in Endeavor Group by 300.0% in the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock worth $57,120,000 after purchasing an additional 1,500,000 shares during the period. Finally, LMR Partners LLP raised its holdings in shares of Endeavor Group by 41.6% during the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares during the period. Institutional investors own 74.99% of the company’s stock.

Endeavor Group Stock Down 0.7 %

Shares of NYSE EDR opened at $30.14 on Wednesday. Endeavor Group has a 52 week low of $22.77 and a 52 week high of $31.49. The stock’s fifty day moving average is $30.27 and its 200 day moving average is $28.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $20.62 billion, a P/E ratio of -14.70 and a beta of 0.74.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

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.