Endeavor Group (NYSE:EDR) Earns Hold Rating from Analysts at StockNews.com

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

Endeavor Group Price Performance

NYSE EDR opened at $29.95 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $20.49 billion, a PE ratio of -14.61 and a beta of 0.77. Endeavor Group has a 12-month low of $22.64 and a 12-month high of $30.09. The company has a 50 day moving average price of $28.95 and a two-hundred day moving average price of $27.78.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Monday, September 16th. Endeavor Group’s payout ratio is -11.71%.

Insider Buying and Selling at Endeavor Group

In related news, CEO Ariel Emanuel sold 48,176 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total value of $1,399,031.04. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 225,272 shares of company stock worth $6,372,925 over the last three months. Corporate insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EDR. Tidal Investments LLC lifted its position in Endeavor Group by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after acquiring an additional 620 shares during the last quarter. Arizona State Retirement System increased its holdings in 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 buying an additional 898 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 buying an additional 1,066 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 acquiring an additional 1,346 shares during the period. Finally, Mirador Capital Partners LP lifted its holdings 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 acquiring an additional 1,655 shares during the period. Institutional investors and hedge funds 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.