Endeavor Group (NYSE:EDR) Sees Large Volume Increase

Endeavor Group Holdings, Inc. (NYSE:EDR) shares saw an uptick in trading volume on Thursday . 1,794,257 shares traded hands during trading, a decline of 51% from the previous session’s volume of 3,676,517 shares.The stock last traded at $27.46 and had previously closed at $27.48.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EDR shares. Piper Sandler lowered Endeavor Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th. StockNews.com assumed coverage on shares of Endeavor Group in a report on Wednesday. They issued a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.86.

Endeavor Group Price Performance

The stock has a 50-day moving average of $27.37 and a two-hundred day moving average of $26.49. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market cap of $19.01 billion, a price-to-earnings ratio of 49.87 and a beta of 0.77.

Endeavor Group (NYSE:EDR) last announced its earnings results 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 positive return on equity of 4.45% and a negative net margin of 6.23%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. On average, analysts anticipate that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current year.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, September 16th. Endeavor Group’s dividend payout ratio (DPR) is currently 43.64%.

Insider Activity

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 130,187 shares in the company, valued at approximately $3,551,501.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Longfellow Investment Management Co. LLC acquired a new stake in Endeavor Group during the second quarter valued at $75,000. PNC Financial Services Group Inc. boosted its stake in shares of 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 acquiring an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Endeavor Group during the 1st quarter valued at about $102,000. SG Americas Securities LLC acquired a new position in shares of Endeavor Group during the 2nd quarter valued at about $130,000. Finally, Quest Partners LLC bought a new position in shares of Endeavor Group in the 4th quarter valued at approximately $177,000. 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.