StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR – Free Report) 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 – Get Free Report) 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
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.
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