Endeavor Group (NYSE:EDR) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR - Free Report) in a research report sent to investors on Thursday. The firm issued a hold rating on the stock.

Endeavor Group Price Performance

NYSE:EDR traded down $0.04 during mid-day trading on Thursday, reaching $28.99. 872,941 shares of the company were exchanged, compared to its average volume of 3,559,210. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock has a market cap of $19.84 billion, a PE ratio of -20.16 and a beta of 0.77. Endeavor Group has a 12 month low of $22.64 and a 12 month high of $29.67. The company has a fifty day moving average of $28.51 and a 200 day moving average of $27.52.

Endeavor Group (NYSE:EDR - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.06). Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. On average, research analysts anticipate that Endeavor Group will post 1.4 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued 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 is currently -16.67%.

Insider Activity at Endeavor Group

In related news, CEO Ariel Emanuel sold 149,280 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 225,272 shares of company stock worth $6,372,925 over the last ninety days. Company insiders own 63.90% of the company's stock.

Institutional Trading of Endeavor Group

A number of institutional investors have recently modified their holdings of EDR. Pentwater Capital Management LP grew its holdings in shares of Endeavor Group by 457.0% in the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company's stock valued at $356,796,000 after acquiring an additional 10,830,000 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in shares of Endeavor Group during the 2nd quarter worth approximately $205,038,000. Glazer Capital LLC bought a new stake in shares of Endeavor Group during the 2nd quarter worth approximately $49,017,000. LMR Partners LLP boosted its holdings in shares of Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company's stock valued at $125,486,000 after buying an additional 1,290,867 shares during the last quarter. Finally, Water Island Capital LLC bought a new position in shares of Endeavor Group in the second quarter valued at $28,497,000. 71.37% of the stock is currently owned by institutional investors.

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.