Endeavor Group Holdings, Inc. (NYSE:EDR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have been assigned a consensus rating of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $27.86.

A number of analysts recently issued reports on the company. StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th.

Endeavor Group Stock Up 1.0 %

NYSE EDR opened at $31.19 on Thursday. 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 company has a market capitalization of $21.34 billion, a P/E ratio of -15.21 and a beta of 0.74. Endeavor Group has a one year low of $23.14 and a one year high of $35.99. The stock has a 50 day moving average price of $31.38 and a 200-day moving average price of $29.73.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Endeavor Group’s payout ratio is -11.71%.

Insiders Place Their Bets

In other Endeavor Group news, CFO Jason Lublin sold 50,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $29.98, for a total value of $1,499,000.00. Following the sale, the chief financial officer now owns 219,613 shares in the company, valued at $6,583,997.74. This trade represents a 18.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell bought 263,200 shares of Endeavor Group stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the purchase, the insider now owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,535,485 shares of company stock worth $239,160,243 and have sold 146,905 shares worth $4,418,864. Insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Endeavor Group by 8.3% during the fourth quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock valued at $475,166,000 after buying an additional 1,167,887 shares during the period. Toronto Dominion Bank purchased a new position in shares of Endeavor Group during the fourth quarter valued at $289,205,000. Athos Capital Ltd increased its stake in shares of Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after buying an additional 4,447,000 shares during the period. LMR Partners LLP increased its stake 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 buying an additional 1,290,867 shares during the period. Finally, Steadfast Capital Management LP increased its stake in shares of Endeavor Group by 207.9% during the fourth quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company’s stock valued at $113,948,000 after buying an additional 2,458,800 shares during the period. Hedge funds and other institutional investors own 74.99% 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.