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

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

Endeavor Group Stock Performance

Shares of NYSE:EDR opened at $28.98 on Friday. The stock has a market capitalization of $19.83 billion, a P/E ratio of -14.14 and a beta of 0.77. Endeavor Group has a 1-year low of $22.64 and a 1-year high of $29.67. The company has a current ratio of 0.63, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $28.72 and a two-hundred day moving average price of $27.66.

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. Endeavor Group’s payout ratio is currently -11.71%.

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 48,176 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $53,179,412.88. The trade was a 2.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System grew its position in shares of Endeavor Group by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock valued at $1,364,000 after purchasing an additional 898 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Endeavor Group by 2.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock valued at $1,165,000 after purchasing an additional 1,066 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Endeavor Group by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after purchasing an additional 1,346 shares during the period. Mirador Capital Partners LP grew its position in shares of Endeavor Group by 6.7% in the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after purchasing an additional 1,655 shares during the period. Finally, Comerica Bank grew its position in shares of Endeavor Group by 11.7% in the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock valued at $451,000 after purchasing an additional 1,832 shares during the period. 71.37% of the stock is currently 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.