Endeavor Group (NYSE:EDR) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

Endeavor Group Stock Up 0.8 %

NYSE EDR opened at $28.55 on Friday. The business has a fifty day moving average price of $27.54 and a 200 day moving average price of $26.86. Endeavor Group has a one year low of $17.65 and a one year high of $28.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $19.54 billion, a P/E ratio of 51.91 and a beta of 0.77.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06). Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. Research analysts anticipate that Endeavor Group will post 1.4 EPS for the current fiscal year.

Insider Buying and Selling at Endeavor Group

In other news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the completion of the transaction, the chief financial officer now directly owns 130,187 shares in the company, valued at approximately $3,551,501.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ariel Emanuel sold 27,816 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. The disclosure for this sale can be found here. Insiders sold a total of 197,928 shares of company stock worth $5,542,191 in the last three months. 63.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in Endeavor Group by 14.2% during the 4th 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 during the last quarter. Arizona State Retirement System increased its position in Endeavor Group by 1.8% during the second quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after buying an additional 898 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Endeavor Group by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after purchasing an additional 1,346 shares during the last quarter. Comerica Bank boosted its stake in shares of Endeavor Group by 11.7% during the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock worth $451,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Mirador Capital Partners LP grew its holdings in shares of Endeavor Group by 9.6% during the first quarter. Mirador Capital Partners LP now owns 22,125 shares of the company’s stock worth $569,000 after buying an additional 1,941 shares in the last quarter. Hedge funds and other 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.