Endeavor Group Holdings, Inc. (NYSE:EDR) Given Consensus Rating of “Hold” by Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have received an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $27.86.

Separately, StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a research note on Saturday.

Endeavor Group Trading Down 1.7 %

NYSE:EDR opened at $30.62 on Wednesday. Endeavor Group has a 12 month low of $22.77 and a 12 month high of $31.49. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of -14.94 and a beta of 0.74. The firm has a fifty day simple moving average of $30.22 and a two-hundred day simple moving average of $28.67.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.06 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. Endeavor Group’s dividend payout ratio is presently -11.71%.

Insider Activity at Endeavor Group

In other news, major shareholder Patrick Whitesell bought 60,208 shares of Endeavor Group stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the purchase, the insider now directly owns 1,734,530 shares in the company, valued at $249,303,996.90. The trade was a 3.60 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.17, for a total transaction of $214,293.75. Following the completion of the sale, the chief accounting officer now owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. This represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. 63.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Asset Management Inc bought a new stake in Endeavor Group during the second quarter worth $226,000. Arizona State Retirement System boosted its holdings 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 worth $1,364,000 after buying an additional 898 shares during the last quarter. Headlands Technologies LLC bought a new position in Endeavor Group during the second quarter valued at about $1,670,000. Vest Financial LLC increased its holdings in Endeavor Group by 24.4% during the second quarter. Vest Financial LLC now owns 41,188 shares of the company’s stock worth $1,113,000 after buying an additional 8,071 shares during the last quarter. Finally, JBF Capital Inc. bought a new stake in Endeavor Group in the second quarter worth about $622,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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.