Endeavor Group (NYSE:EDR) Reaches New 12-Month High – Time to Buy?

Endeavor Group Holdings, Inc. (NYSE:EDR) reached a new 52-week high on Monday . The stock traded as high as $29.38 and last traded at $29.31, with a volume of 944284 shares trading hands. The stock had previously closed at $29.27.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Endeavor Group in a research report on Monday. They set a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.86.

Endeavor Group Stock Up 0.1 %

The firm’s 50 day moving average price is $27.95 and its two-hundred day moving average price is $27.20. The firm has a market capitalization of $20.28 billion, a PE ratio of 53.24 and a beta of 0.78. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.

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

Endeavor Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.82%. Endeavor Group’s dividend payout ratio is presently 43.64%.

Insider Activity

In other news, 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 sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $53,179,412.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ariel Emanuel sold 48,176 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 246,104 shares of company stock worth $6,941,222. 63.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Endeavor Group

Large investors have recently added to or reduced their stakes in the stock. Swiss National Bank increased its holdings in shares of Endeavor Group by 8.1% in the 1st quarter. Swiss National Bank now owns 356,000 shares of the company’s stock worth $9,160,000 after acquiring an additional 26,800 shares during the period. Sei Investments Co. acquired a new position in shares of Endeavor Group during the first quarter worth approximately $644,000. Gabelli Funds LLC grew its holdings in Endeavor Group by 125.0% in the 1st quarter. Gabelli Funds LLC now owns 71,899 shares of the company’s stock worth $1,850,000 after buying an additional 39,950 shares in the last quarter. Davide Leone & Partners Investment Co Ltd. increased its position in Endeavor Group by 81.0% in the 2nd 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 during the period. Finally, JBF Capital Inc. bought a new stake in Endeavor Group during the 2nd quarter valued at $622,000. 71.37% of the stock is owned by institutional investors and hedge funds.

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.