Endeavor Group Holdings, Inc. (NYSE:EDR) Receives $27.86 Consensus PT from Brokerages

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have received a consensus recommendation of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $27.50.

Several research analysts have commented on the stock. Seaport Res Ptn downgraded shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th.

Insider Activity

In related news, CAO William K. Fullerton sold 2,225 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the completion of the transaction, the chief accounting officer now owns 53,124 shares in the company, valued at $1,624,531.92. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell purchased 108,476 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average price of $144.13 per share, for a total transaction of $15,634,645.88. Following the acquisition, the insider now owns 915,852 shares of the company’s stock, valued at $132,001,748.76. This represents a 13.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,212,077 shares of company stock valued at $191,824,043 and sold 21,185,617 shares valued at $582,983,444. Insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

A number of institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank purchased a new position in shares of Endeavor Group during the 4th quarter worth approximately $289,205,000. Athos Capital Ltd boosted its position 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 purchasing an additional 4,447,000 shares in the last quarter. Steadfast Capital Management LP grew its stake in Endeavor Group by 207.9% in the fourth quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company’s stock worth $113,948,000 after purchasing an additional 2,458,800 shares during the period. Madison Avenue Partners LP raised its holdings in Endeavor Group by 228.3% in the fourth quarter. Madison Avenue Partners LP now owns 2,397,658 shares of the company’s stock worth $75,023,000 after purchasing an additional 1,667,398 shares in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its position in Endeavor Group by 300.0% during the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after buying an additional 1,500,000 shares during the period. 74.99% of the stock is owned by institutional investors.

Endeavor Group Price Performance

Shares of Endeavor Group stock opened at $30.05 on Monday. The business’s 50-day moving average price is $30.72 and its 200-day moving average price is $29.98. The firm has a market capitalization of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. Endeavor Group has a 12 month low of $25.07 and a 12 month high of $35.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is presently -9.02%.

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.