Endeavor Group (NYSE:EDR) Now Covered by StockNews.com

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

Endeavor Group Price Performance

NYSE:EDR opened at $29.49 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $20.18 billion, a price-to-earnings ratio of -20.48 and a beta of 0.78. Endeavor Group has a one year low of $22.64 and a one year high of $29.67. The stock has a 50-day simple moving average of $28.42 and a 200 day simple moving average of $27.47.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings results 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 the consensus estimate of $1.87 billion. Sell-side analysts predict that Endeavor Group will post 1.4 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. Endeavor Group’s payout ratio is currently -16.67%.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel sold 27,816 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $28.01, for a total value of $779,126.16. Following the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,293,228.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 225,272 shares of company stock valued at $6,372,925 over the last three months. Company insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position 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 buying an additional 399 shares in the last quarter. Arizona State Retirement System raised its position in shares of Endeavor Group by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after buying an additional 898 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after buying an additional 1,346 shares in the last quarter. Mirador Capital Partners LP raised its position in shares of Endeavor Group by 6.7% during the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock worth $750,000 after buying an additional 1,655 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Endeavor Group by 11.7% during the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock worth $451,000 after buying an additional 1,832 shares in the last quarter. 71.37% of the stock is 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.