Endeavor Group Holdings, Inc. (NYSE:EDR) Given Average Recommendation of “Hold” by Brokerages

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have been given an average recommendation of “Hold” by the nine brokerages that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $27.86.

Separately, StockNews.com started coverage on Endeavor Group in a report on Saturday, September 28th. They issued a “hold” rating for the company.

Insider Activity at Endeavor Group

In other news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,551,501.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Ariel Emanuel sold 27,816 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $28.01, for a total transaction of $779,126.16. Following the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,928 shares of company stock valued at $5,542,191. Insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Hedge funds have recently bought and sold shares of the business. Bank of Nova Scotia acquired a new position in shares of Endeavor Group during the 4th quarter worth approximately $380,000. Kodai Capital Management LP acquired a new position in shares of Endeavor Group during the 4th quarter worth approximately $24,037,000. Gabelli Funds LLC acquired a new position in shares of Endeavor Group during the 4th quarter worth approximately $758,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Endeavor Group during the 4th quarter worth approximately $695,000. Finally, Owl Creek Asset Management L.P. acquired a new position in shares of Endeavor Group during the 4th quarter worth approximately $22,419,000. 71.37% of the stock is owned by institutional investors.

Endeavor Group Trading Down 0.5 %

Shares of EDR opened at $28.99 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Endeavor Group has a 12-month low of $17.65 and a 12-month high of $29.14. The firm has a market capitalization of $20.09 billion, a PE ratio of 52.71 and a beta of 0.78. The stock’s fifty day simple moving average is $27.65 and its 200-day simple moving average is $26.97.

Endeavor Group (NYSE:EDR) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. As a group, research analysts predict that Endeavor Group will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.06 per share. The ex-dividend date was Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.83%. Endeavor Group’s dividend payout ratio (DPR) is presently 43.64%.

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.