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

Endeavor Group Holdings, Inc. (NYSE:EDR) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $27.86.

Separately, StockNews.com started coverage on Endeavor Group in a research note on Tuesday. They set a “hold” rating for the company.

Endeavor Group Stock Performance

Shares of EDR stock opened at $28.76 on Friday. Endeavor Group has a 12-month low of $17.67 and a 12-month high of $29.54. The firm has a market capitalization of $19.92 billion, a price-to-earnings ratio of 52.28 and a beta of 0.78. The business has a 50 day simple moving average of $28.18 and a 200 day simple moving average of $27.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62.

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

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Monday, September 16th. Endeavor Group’s dividend payout ratio (DPR) is presently 43.64%.

Insiders Place Their Bets

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,551,501.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 246,104 shares of company stock valued at $6,941,222 over the last three months. 63.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Endeavor Group

Hedge funds have recently bought and sold shares of the business. Vest Financial LLC grew its position in shares of Endeavor Group by 30.6% in the third quarter. Vest Financial LLC now owns 53,811 shares of the company’s stock valued at $1,537,000 after purchasing an additional 12,623 shares during the last quarter. Mirador Capital Partners LP grew its position in shares of Endeavor Group by 6.7% in the third quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after purchasing an additional 1,655 shares during the last quarter. Bardin Hill Management Partners LP grew its position in shares of Endeavor Group by 23.1% in the second quarter. Bardin Hill Management Partners LP now owns 673,889 shares of the company’s stock valued at $18,215,000 after purchasing an additional 126,237 shares during the last quarter. Bluefin Capital Management LLC grew its position in shares of Endeavor Group by 138.0% in the second quarter. Bluefin Capital Management LLC now owns 50,000 shares of the company’s stock valued at $1,352,000 after purchasing an additional 181,421 shares during the last quarter. Finally, Maven Securities LTD acquired a new stake in shares of Endeavor Group in the second quarter valued at about $2,268,000. 71.37% of the stock is owned by institutional investors and hedge funds.

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.