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

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued to investors on Saturday morning. The firm issued a hold rating on the stock.

Endeavor Group Stock Performance

Shares of NYSE:EDR opened at $30.20 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group has a 12 month low of $22.64 and a 12 month high of $30.30. The company has a market capitalization of $20.66 billion, a price-to-earnings ratio of -14.73 and a beta of 0.77. The firm’s 50-day moving average is $28.95 and its 200 day moving average is $27.78.

Endeavor Group Dividend Announcement

The firm also recently declared 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Monday, September 16th. Endeavor Group’s dividend payout ratio is currently -11.71%.

Insider Activity at Endeavor Group

In related news, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. This trade represents a 7.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 225,272 shares of company stock worth $6,372,925 in the last quarter. 63.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

A number of institutional investors have recently modified their holdings of EDR. Longfellow Investment Management Co. LLC bought a new position in Endeavor Group in the second quarter worth approximately $75,000. DekaBank Deutsche Girozentrale bought a new position in Endeavor Group during the 1st quarter worth about $102,000. SG Americas Securities LLC purchased a new position in Endeavor Group during the 2nd quarter valued at about $130,000. FMR LLC raised its holdings in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of Endeavor Group in the 2nd quarter worth approximately $226,000. 71.37% of the stock is owned by hedge funds and other institutional investors.

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.