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

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have received a consensus rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $27.86.

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

Endeavor Group Stock Up 0.0 %

Shares of NYSE EDR opened at $28.86 on Thursday. The stock has a market capitalization of $19.74 billion, a P/E ratio of -14.08 and a beta of 0.74. Endeavor Group has a one year low of $24.21 and a one year high of $35.99. The firm’s 50 day simple moving average is $31.25 and its two-hundred day simple moving average is $29.81. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is -9.02%.

Insider Buying and Selling

In other Endeavor Group news, CFO Jason Lublin sold 50,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 219,613 shares in the company, valued at approximately $6,583,997.74. This trade represents a 18.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark S. Shapiro sold 74,525 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $30.04, for a total value of $2,238,731.00. Following the transaction, the insider now directly owns 221,777 shares in the company, valued at $6,662,181.08. This trade represents a 25.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,535,485 shares of company stock valued at $239,160,243 and have sold 146,905 shares valued at $4,418,864. 63.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently modified their holdings of EDR. Guggenheim Capital LLC increased its position in shares of Endeavor Group by 2.0% during the fourth quarter. Guggenheim Capital LLC now owns 15,276 shares of the company’s stock valued at $478,000 after buying an additional 304 shares during the period. Fifth Lane Capital LP grew its holdings in shares of Endeavor Group by 0.3% during the 4th quarter. Fifth Lane Capital LP now owns 110,364 shares of the company’s stock worth $3,453,000 after acquiring an additional 364 shares during the period. Tidal Investments LLC raised its position in shares of Endeavor Group by 5.1% in the 4th quarter. Tidal Investments LLC now owns 8,930 shares of the company’s stock worth $279,000 after acquiring an additional 432 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Endeavor Group by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock valued at $285,000 after purchasing an additional 447 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Endeavor Group by 5.3% during the fourth quarter. Invesco Ltd. now owns 10,044 shares of the company’s stock valued at $314,000 after purchasing an additional 505 shares in the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

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.