Endeavor Group (NYSE:EDR) Reaches New 1-Year High at $28.28

Endeavor Group Holdings, Inc. (NYSE:EDR)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $28.28 and last traded at $28.25, with a volume of 1158748 shares. The stock had previously closed at $28.25.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Endeavor Group in a research note on Friday, September 20th. They issued a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Endeavor Group has a consensus rating of “Hold” and an average price target of $27.86.

Endeavor Group Price Performance

The firm’s 50-day moving average is $27.47 and its two-hundred day moving average is $26.82. The company has a market cap of $19.28 billion, a P/E ratio of 51.36 and a beta of 0.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62.

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

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.06 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. Endeavor Group’s dividend payout ratio is presently 43.64%.

Insiders Place Their Bets

In related news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the transaction, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,928 shares of company stock worth $5,542,191. 63.90% of the stock is owned by corporate insiders.

Institutional Trading of Endeavor Group

Several institutional investors and hedge funds have recently bought and sold shares of EDR. Longfellow Investment Management Co. LLC acquired a new position in shares of Endeavor Group during the second quarter worth about $75,000. PNC Financial Services Group Inc. grew its holdings in Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after purchasing an additional 399 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Endeavor Group in the first quarter valued at $102,000. SG Americas Securities LLC acquired a new stake in Endeavor Group in the second quarter valued at $130,000. Finally, Quest Partners LLC acquired a new stake in shares of Endeavor Group during the fourth quarter valued at $177,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

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.