Endeavor Group (NYSE:EDR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the stock.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group restated a hold rating and set a $27.50 price objective (down previously from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. UBS Group reissued a neutral rating and issued a $27.50 price target (down previously from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Citigroup downgraded Endeavor Group from a buy rating to a neutral rating and dropped their price objective for the stock from $29.00 to $27.50 in a research note on Monday, April 15th. JPMorgan Chase & Co. reissued a neutral rating and issued a $27.50 target price (down from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. Finally, TD Cowen raised their price target on Endeavor Group from $28.00 to $30.00 and gave the stock an outperform rating in a research report on Monday, March 25th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $29.30.

Endeavor Group Price Performance

NYSE:EDR opened at $26.47 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. Endeavor Group has a 12-month low of $17.65 and a 12-month high of $26.63. The stock’s fifty day simple moving average is $25.65 and its 200-day simple moving average is $24.44. The firm has a market capitalization of $18.33 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.93 and a beta of 0.79.

Endeavor Group (NYSE:EDR) last issued its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. Equities research analysts expect that Endeavor Group will post 1.27 earnings per share for the current year.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.91%. The ex-dividend date was Thursday, March 14th. Endeavor Group’s payout ratio is 23.08%.

Insider Buying and Selling

In other Endeavor Group news, insider Mark S. Shapiro sold 70,600 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total transaction of $1,700,048.00. Following the sale, the insider now directly owns 81,460 shares of the company’s stock, valued at approximately $1,961,556.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Seth D. Krauss sold 17,950 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total value of $432,236.00. Following the completion of the transaction, the chief accounting officer now directly owns 62,055 shares of the company’s stock, valued at $1,494,284.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark S. Shapiro sold 70,600 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,700,048.00. Following the sale, the insider now directly owns 81,460 shares in the company, valued at $1,961,556.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,383 shares of company stock worth $4,496,219. 82.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Morgan Stanley increased its position in Endeavor Group by 3.8% during the third quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock worth $244,340,000 after buying an additional 454,790 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Endeavor Group by 2.4% during the 3rd quarter. Clearbridge Investments LLC now owns 4,300,851 shares of the company’s stock worth $85,587,000 after acquiring an additional 100,396 shares during the period. Vanguard Group Inc. boosted its stake in shares of Endeavor Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock worth $291,559,000 after acquiring an additional 254,550 shares during the period. FMR LLC increased its holdings in shares of Endeavor Group by 3.7% during the 3rd quarter. FMR LLC now owns 5,145,883 shares of the company’s stock worth $102,403,000 after acquiring an additional 184,212 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Endeavor Group by 10.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 281,396 shares of the company’s stock valued at $5,600,000 after acquiring an additional 26,178 shares during the period. 71.37% of the stock is currently 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.