Endeavor Group Holdings, Inc. (NYSE:EDR) Given Consensus Rating of “Hold” by Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have been given an average rating of “Hold” by the nine ratings firms that are presently 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 1 year price objective among analysts that have covered the stock in the last year is $27.86.

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a report on Monday, December 9th. They issued a “sell” rating for the company.

Endeavor Group Stock Performance

EDR stock opened at $30.75 on Friday. The company has a market capitalization of $21.04 billion, a P/E ratio of -15.00 and a beta of 0.76. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a 50-day simple moving average of $29.56 and a 200 day simple moving average of $28.13. Endeavor Group has a fifty-two week low of $22.75 and a fifty-two week high of $30.83.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Monday, December 16th. Endeavor Group’s dividend payout ratio is presently -11.71%.

Insider Buying and Selling

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 60,208 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the transaction, the insider now owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. The trade was a 3.60 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ariel Emanuel sold 48,176 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total value of $1,399,031.04. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $53,179,412.88. This represents a 2.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 225,272 shares of company stock valued at $6,372,925. Company insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors have recently modified their holdings of EDR. 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 worth $125,486,000 after acquiring an additional 1,290,867 shares in the last quarter. Moran Wealth Management LLC bought a new stake in shares of Endeavor Group in the 3rd quarter valued at approximately $2,870,000. Davide Leone & Partners Investment Co Ltd. raised its position in Endeavor Group by 81.0% during the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock valued at $22,947,000 after acquiring an additional 380,000 shares in the last quarter. Athos Capital Ltd lifted its stake in Endeavor Group by 135.9% in the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after acquiring an additional 4,447,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Endeavor Group by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock worth $50,804,000 after acquiring an additional 76,618 shares in the last quarter. Institutional investors and hedge funds 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.