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

Endeavor Group Holdings, Inc. (NYSE:EDR) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $27.86.

Separately, StockNews.com assumed coverage on Endeavor Group in a research report on Wednesday. They set a “hold” rating on the stock.

Insider Buying and Selling

In related news, CEO Ariel Emanuel sold 27,816 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,293,228.47. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 225,272 shares of company stock valued at $6,372,925 over the last ninety days. 63.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Palliser Capital UK Ltd lifted its stake in shares of Endeavor Group by 230.0% in the third quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after buying an additional 862,380 shares in the last quarter. Vest Financial LLC lifted its stake in shares of Endeavor Group by 30.6% in the third quarter. Vest Financial LLC now owns 53,811 shares of the company’s stock valued at $1,537,000 after buying an additional 12,623 shares in the last quarter. Mirador Capital Partners LP lifted its stake in shares of Endeavor Group by 6.7% in the third quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after buying an additional 1,655 shares in the last quarter. Bardin Hill Management Partners LP lifted its stake in shares of Endeavor Group by 23.1% in the second quarter. Bardin Hill Management Partners LP now owns 673,889 shares of the company’s stock valued at $18,215,000 after buying an additional 126,237 shares in the last quarter. Finally, Bluefin Capital Management LLC lifted its stake in shares of Endeavor Group by 138.0% in the second quarter. Bluefin Capital Management LLC now owns 50,000 shares of the company’s stock valued at $1,352,000 after buying an additional 181,421 shares in the last quarter. 71.37% of the stock is owned by institutional investors.

Endeavor Group Stock Up 0.3 %

Endeavor Group stock opened at $29.50 on Friday. The firm has a market cap of $20.19 billion, a price-to-earnings ratio of -20.49 and a beta of 0.78. Endeavor Group has a 52-week low of $22.59 and a 52-week high of $29.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a 50 day moving average price of $28.38 and a two-hundred day moving average price of $27.44.

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

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.81%. The ex-dividend date was Monday, September 16th. Endeavor Group’s dividend payout ratio is presently -16.67%.

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.