StockNews.com Initiates Coverage on Endeavor Group (NYSE:EDR)

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a report published on Tuesday morning. The firm issued a hold rating on the stock.

Endeavor Group Price Performance

Shares of Endeavor Group stock opened at $28.76 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Endeavor Group has a 52-week low of $17.67 and a 52-week high of $29.54. The company has a fifty day moving average of $28.18 and a 200-day moving average of $27.33. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 52.28 and a beta of 0.78.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings data 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 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%. Equities research analysts expect that Endeavor Group will post 1.4 EPS for the current year.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.83%. Endeavor Group’s payout ratio is currently 43.64%.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.28, for a total transaction of $568,296.96. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,551,501.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Lublin sold 20,832 shares of the business’s 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 directly owns 130,187 shares in the company, valued at $3,551,501.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 246,104 shares of company stock worth $6,941,222. Insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

Several large investors have recently added to or reduced their stakes in EDR. Longfellow Investment Management Co. LLC purchased a new stake in shares of Endeavor Group in the 2nd quarter worth about $75,000. PNC Financial Services Group Inc. lifted 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 worth $76,000 after buying an additional 399 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Endeavor Group during the 1st quarter valued at approximately $102,000. SG Americas Securities LLC bought a new position in shares of Endeavor Group in the 2nd quarter worth approximately $130,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Endeavor Group in the 2nd quarter valued at approximately $226,000. Institutional investors own 71.37% 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.